alt Hacker NewsI ⤻ predict ⤺ that prediction markets will be more tightly regulated or entirely outlawed at some point. i.e. CFTC loses jurisdiction.
- More tightly regulated if governments and NGO's can use it to make money, control people and/or narratives, get taxes similar to how casino's are taxed by removing CFTC jurisdiction.
- Outlawed if they can not find a way to do any of that.
What do you mean outlawed? It will simply just happen in a jurisdiction that does not care about it.
If they can't find a way to tax it, they won't find a way to cost-efficiently identify people participating in it.