Lawmakers, lawyers, lobbyists hone in on prediction markets as wager mania expands into 'everything'
Calling races on election night may be becoming routine for prediction markets. Convincing Washington they belong in the financial system may be a much tougher bet.
TL;DR
- Prediction markets are becoming adept at calling election races on election night.
- Convincing Washington to accept prediction markets within the financial system is a difficult task.
- The expansion of wager mania into 'everything' is noted.