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?
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?