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Yes "gambling" and "Prediction markets" are like apple and oranges.
In the early days, just like how Bitcoin was seen or perceived as a drug money used only criminals, in the same way many smart people still see "Prediction markets" as gambling.
This happens to any new asset class.
A good question to ask is: If Prediction markets were gambling, how come Kalshi has been winning all the court injunction in Nevada and New Jersey?
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Very cool! Happy to hear.
Prediction markets can be very valuable. There's a lot more to it than “gambling”.