NEXT Valletta speakers debate whether prediction markets constitute gambling
Speakers at NEXT Summit Valletta debated whether prediction markets should be treated as gambling, with L&L Europe chief executive Christopher Dalli arguing that they resemble sports betting, according to the report. Winible chief executive Noah Traisman defended the markets and criticised the US sports betting model; the report said the US Supreme Court could rule on whether the platforms are gambling products or financial instruments.
The classification debate could affect how prediction-market platforms are regulated and how they compete with sportsbooks.