And there are numerous other examples of suspiciously timed wagers. So who has the power to regulate prediction markets? The answer depends on who you ask. The prediction markets that are being used for sports by some of these really significant platforms like Kelshi are in effect, just online gambling. There are fundamental differences and distinctions between a sports gambling platform and prediction markets. But Jack Campion, a UW Madison student who says he's made $110,000 on these platforms, says it's not that simple. (00:48–00:56)
CLAIM
Asserts that prediction markets on platforms like Kelshi are essentially online gambling.
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