Why Prediction Markets Are So Hard To Regulate

Prediction markets sounds 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 jump ...