this post was submitted on 28 Aug 2026
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States can regulate prediction markets as gambling, federal appeals court rules (lite.cnn.com)
submitted 1 day ago by yonderbarn@lazysoci.al to c/technology@lemmy.world
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[โ€“] IronBird@lemmy.world 6 points 1 day ago (1 children)

i hear the gambling industry as a whole is actually kind of struggling (outside of sports), as the stock market is more accessible than ever and that's the biggest casino around really

[โ€“] OwOarchist@pawb.social -3 points 1 day ago

It's also the only casino where the odds aren't necessarily stacked against you.

In every other form of gambling, it's a statistical certainty that you'll eventually lose money doing it. But in stock gambling, it's possible to come out ahead in the long run.