Are Prediction Markets trading or gambling?
Are the people that use Prediction Markets ‘traders’ or ‘gamblers’? In this episode we look at how one ‘trader’ lost $100k on the Super Bowl, how Robinhood is cashing in on the action, and why Robinhood’s CEO sees Prediction Markets entering a ‘Supercycle’. There should be a lot of concern around the growth of online gambling. There should be a lot of concern about how all the major sports leagues are cashing in on the action. There should be a lot of concern around how Prediction Markets are skirting the law to offer ‘trading’ options. There should be even MORE concern about how apps like…
The skinny
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