By The Weekly Edge desk ·
Casino.org News reported that a BadCredit.org survey found more than half of respondents had traded on prediction markets using borrowed money. The survey covered 1,000 US adults actively trading on those platforms.
The survey identifies borrowing among respondents who trade on prediction markets.
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Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The dispute could affect whether prediction market operators face state gambling laws alongside federal oversight.
The ruling puts businesses hosting skill-game machines at risk of losing the revenue those devices generate.