Comment Text:
Polymarket and Kalshi are predatory gambling sites that are specifically created to enrich "market" manipulators. There's no "prediction" involved for those who win. They have knowledge of what's going to happen, and they make money by placing bets on those things. It's blatantly obvious.
See: 70% of Polymarket Traders Lost Money as Top 0.04% Captured Most Profits
https://finance.yahoo.com/news/70-polymarket-traders-lost-money-192327162.html
These are not legal betting platforms. They're an unregulated way for the rich to get richer. They need to be shut down, and prediction markets need to be made illegal.
