this post was submitted on 08 Mar 2026
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Senators Launch New Effort to Ban Federal Elected Officials Profiting from Prediction Markets (www.merkley.senate.gov)
submitted 1 day ago* (last edited 1 day ago) by Beep@lemmus.org to c/technology@lemmy.world
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[–] obinice@lemmy.world 20 points 1 day ago

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.