Why prediction markets are so hard to regulate

Prediction markets sound simple. You pick yes or no on a real-world event. So, that could be whether a team wins or whether inflation hits a certain level or if a company reaches a key business target.And if you're right, you get paid. These are known as event contracts. >> But what's not simple is who should regulate these new markets at the federal level.>> What we're seeing is a new asset class or at least a very quickly growing asset class that has a number of jurisdictional questions. This is really a ...