Comment by yieldcrv

My stance has been the same long before prediction markets, long before sports gambling moved to prediction markets, and the landscape has been the same the whole time

The states regulate gambling and the feds only protect the state's rackets by restricting online gambling, and the feds regulate financial markets that are not considered gambling, we get it, its two different governments that don't see the silly user experience they've created and are both very passionate about what they do. The people regulating the financial markets think they are doing a noble good by protecting people from losing their money, and now, fast forward to the present, neither are the regulators of sports betting

I didn't write this about sports gambling or event markets and I don't care about that particular subset. There are many many many markets and financial products either accessible or not, in this paradigm

The user experience is stupid when the dumbest trades are still available after the investor has been protected

The capital wants to move so let it move

The regulators should continue mandating transparency and keeping markets operating predictably, but they need to get out the way of approval or denials of financial products or access to them, because its redundant and silly