Prediction markets and sportsbooks are similar in one fundamental way: they both let people take positions on uncertain outcomes. That might be the marriage of a celebrity or an election result (in the case of prediction markets), or the score of an NBA playoff game (in the case of sportsbooks). But there’s an important difference: […] from Sportsbook Advisor https://ift.tt/60YbXQh via IFTTT
There’s a bit of a grey area between prediction markets and gambling. While sportsbooks and casinos are about betting on certain results, prediction markets almost act in the same way, giving people the opportunity to bet on outcomes and speculate on future events. But if they function so similarly, why aren’t prediction markets actually classified […] from Sportsbook Advisor https://ift.tt/zivg4pE via IFTTT