Any sort of gambling should be limited to, say 20% of your average yearly tax (last 5 years). Prediction market should be banned.
> Any sort of gambling should be limited to, say 20% of your average yearly tax
How about you let people decide what they do with THEIR own money?
That seems to imply concern for the gambler, who at least has chosen to play.
A much bigger problem might be when these markets bet on a meatspace event and then a bunch go out and try to influence innocents in meatspace, to great detriment of society. Like this journalist https://readwrite.com/threats-israeli-reporter-polymarket