Comment Text:
So called “prediction markets” like Polymarket and Kalshi are gambling, view insider trading as a feature, and incentivize violence. They need to be shut down completely, if not, at the very least regulated just as other gambling sites are. The platforms behind them need to be held accountable for letting users bet on people's deaths, war, attacks, etc. The construction, endorsement, founding, implementation, or indifference towards “Market Makers” needs to be made illegal, immediately. In their own public comments these prediction markets often use words like “betting”, and especially speak of sport bets. Their sponsoring of fraternities should be seen as a sign that they are especially attracting young and financially vulnerable people most prone to become addicted to gambling. If it behaves like a casino, speaks like a casino, and attracts customers like a casino, then it is one and it should be shut down for good.
