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States can regulate prediction markets [gambling] as gambling, federal appeals court rules (edition.cnn.com)
submitted 2 months ago by to c/technology@lemmy.world
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A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.

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[–] 3 points 2 months ago

Gambling implies there's still the concept of luck and not of insider trading.

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