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📰 Who Pays for Uncertainty? A Detailed Explanation of the Regulatory Showdown and Interest Restructuring Behind Prediction Markets
Prediction markets are currently caught in a debate over whether they constitute "economic hedging" or "illegal gambling." U.S. regulatory agencies are intensively cracking down on Kalshi and Polymarket, with the core dispute centered on information efficiency versus moral ethics, and the conflict between federal jurisdiction and local regulation.
This round of crackdown is a "coming of age" for the industry to mainstream compliance, which will reshape the legal boundaries of prediction markets.