States can regulate prediction markets as gambling, federal appeals court rules | CNN Business
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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.

A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.

    • Gamma@beehaw.orgEnglish
      8·
      6 days ago

      Yep, being a “growth industry” feels really unhealthy for the country

      • queermunist she/her@lemmy.ml
        7·
        9 days ago

        It’s a fact, not some kind of defense of gambling. The US economy is only not in a recession by technicality, because of a few industries propping it up: gambling, healthcare, and data centers.

        Healthcare is real economic activity, everything else is fake and parasitic. But, once they fail things could unravel.