This post is important to [r/neoliberal](r/neoliberal) because it gets at the evolving policy debate regarding how to regulate predation markets.
The Minnesota ban and immediate federal lawsuit creates one of the clearest real world tests yet for whether prediction markets will be treated more like financial exchanges or sportsbooks and whether regulating them will fall to the states or the federal government.
themiDdlest on
>”Minnesota farmers have relied on critical hedging products on weather and crop-related events for decades to mitigate their risks. Governor Walz chose to put special interests first and American farmers and innovators last.”
The incompetence is astounding
olav471 on
Considering 95%+ of the prediction market volume is betting on sports results I’d say Minnesota should win easily.
However, considering the Supreme Court I’d give them ~30% chance to win. It’ll be declared not gambling somehow.
HatesPlanes on
>Minnesota state legislator Emma Greenman, a Democrat, introduced the bill and told NPR that, *“We as a state should decide how best and what regulations we think should attach to gambling, to protect public safety, **to protect our kids.**”*
4 Comments
This post is important to [r/neoliberal](r/neoliberal) because it gets at the evolving policy debate regarding how to regulate predation markets.
The Minnesota ban and immediate federal lawsuit creates one of the clearest real world tests yet for whether prediction markets will be treated more like financial exchanges or sportsbooks and whether regulating them will fall to the states or the federal government.
>”Minnesota farmers have relied on critical hedging products on weather and crop-related events for decades to mitigate their risks. Governor Walz chose to put special interests first and American farmers and innovators last.”
The incompetence is astounding
Considering 95%+ of the prediction market volume is betting on sports results I’d say Minnesota should win easily.
However, considering the Supreme Court I’d give them ~30% chance to win. It’ll be declared not gambling somehow.
>Minnesota state legislator Emma Greenman, a Democrat, introduced the bill and told NPR that, *“We as a state should decide how best and what regulations we think should attach to gambling, to protect public safety, **to protect our kids.**”*
Lmao a tried and tested classic