The predict has hit the fan.
In case you weren’t aware, there is a growing battle over sports-related event contracts being fought by so-called “prediction markets,” state-level gambling regulators, and the legal gaming industry.
A prediction market is where you can go to buy or sell a contract tied to a certain event, such as an election. In fact, it was in and around last year’s U.S. presidential election that prediction markets rose to prominence, as trading on those platforms proved popular for people looking to make a de facto wager on the outcome.
Those wagering markets don’t exist at state-regulated sportsbooks.
