"I wouldn't describe it as gambling, stressed Eldar, a student at Florida State University, but a mix of betting and options trading. It's not like when you go to the casino, and play against the house, and hope you get to win against the house, he said. That's not what it is."
"Zachary Azra, 20, sees things differently. A prediction market is another way to gamble money that's framed in a way that looks like good investments, said Azra, an economics student at the University of North Carolina at Chapel Hill who has been using the markets for five months."
Prediction markets enable continuous betting on virtually any event, from sports to geopolitical outcomes, with users posting and sharing generated odds widely across social platforms and news. Leading platforms such as Polymarket and Kalshi saw about $1.2bn in trading volume on a single Super Bowl Sunday, reflecting booming participation and liquidity. These platforms operate in every U.S. state and permit users aged 18 and older, contrasting with many regulated gambling services that restrict access by age or state. Some participants characterize activity as options-like trading, while others view it as gambling framed as investment.
Read at www.theguardian.com
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