> We regulate gambling because it's a specific thing
Except when it's called "prediction markets" and therefore it isn't.
It’s such a joke. But we also need to find ways to study and measure non-gambling digital platform addiction like 15 years ago. Thanks to algorithmic consumption, we’re nearing a whole generation of adults that have no idea how to navigate their societal agency and 3 trailing generations that had once learned and since forgot.
If we set the barrier to entry in prediction markets to an equivalent of an age/height check on entry, it would be well north of "yes, I am a mom-and-pop first time investor, I have never been here before, I know nothing except what some spammer told me and claude"
Somehow the "you can afford to lose your entire stake, you aren't leveraged, this isn't a con you fell into" is missing.
(thats aside from "you aren't an inside trader with privileged knowledge because of family ties to the WH, are you")