Comment Text:
Polymarket and Kalshi are more than prediction markets; they contain gambling. Part of their company/app/site should be spilt into prediction markets and gambling. Prediction markets should be focused on concepts like oil, crops, etc. not individual events. You Gamble on an event, these companies should not be allowed to operate as an unregulated casino just because they say it’s a prediction market.
These sites are also exposed to greater insider trading than other markets. Kalshi has allows you to wager on the 2nd overall pick of the NFL draft. There are dozens of reporters and Jets staff members that will now the pick. This is not a prediction market, this is gambling with some people knowing the answer.
