Prediction markets is a fancy term for gambling and they exist because that type of gambling was legalized.
They want to deny it is gambling to avoid laws that directly reference gambling by name just like ‘ride sharing’ is taxis but doesn’t want to follow laws that use the word ‘taxi’ in the text. Oh, and to trick gambling addicts into gambling.
![All Hail Gamblor [PizzaCake]](https://slrpnk.net/pictrs/image/2d9c12ff-0566-41ef-84b1-bd75003eb91a.webp){kind=link}
Prediction markets is a fancy term for gambling and they exist because that type of gambling was legalized.
They want to deny it is gambling to avoid laws that directly reference gambling by name just like ‘ride sharing’ is taxis but doesn’t want to follow laws that use the word ‘taxi’ in the text. Oh, and to trick gambling addicts into gambling.