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Prediction Markets Are Not ‘Just Gambling’ Platforms

Summary by National Review
Prediction markets such as Kalshi and Polymarket allow sports bars, restaurants, and other businesses to hedge financial risks tied to sporting events, weather, and operating costs. Treating these event contracts solely as gambling could undermine valuable risk-management tools and subject businesses to fragmented state regulations.

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National Review broke the news in New York, United States on Wednesday, October 21, 2026.
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