Effort comes after reports of individuals suspiciously earning massive payouts before Iran Strikes, Venezuela Military Actions Washington, D.C. – Today, Oregon’s U.S. Senator Jeff Merkley and Minnesota’s U.S. Senator Amy Klobuchar launched a new effort to prevent government officials at the highest levels from engaging in prediction markets, cracking down on the potential for any […]
Gambling. Call it gambling.
Trying to whitewash it as “Prediction Markets” so it doesn’t sound scummy, addictive, damaging and horrible is really annoying.
There is a market for predicting outcomes of things and waging money against those predictions, yes. We call it Gambling.