Sports bets on prediction markets ruled to be "swaps," exempt from state laws
nradov
17 points
6 comments
April 07, 2026
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Discussion Highlights (1 comments)
csb6
The key contradiction is that financial speculation and gambling are a distinction without a difference. Financial speculation is just now more accessible and widespread than ever due to the accessibility and aggressive promotion of gambling/stock trading/crypto trading apps/websites. Rather than reigning in financial speculation and gambling our institutions seem to have resolved the contradiction by reclassifying gambling as a legitimate "market".