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Sports blew up prediction markets. Now it could destroy them

Sports made prediction markets huge, and exposed the legal flaw at the center of the business. Here’s why the fight is escalating.

Prediction markets spent years trying to present themselves as smarter, better, and more useful than straight-out gambling.
Then sports arrived and did what elections, inflation contracts, and policy wagers never quite managed: it brought scale. They… [11975 chars]

Source: CryptoSlate | Published: 2026-03-28T09:30:31Z

Credit: CryptoSlate

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