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Stronger guardrails are needed to rein in online gambling

Federal regulators are targeting online gambling platforms, citing concerns that betting on global events threatens public integrity and major sporting competitions.
These online platforms bill themselves as "prediction" markets, allowing users to trade shares on future outcomes ranging from professional sports to international conflicts.
Operating as digital marketplaces, "the platform lets users buy and sell" wagers on virtually any event, creating direct financial incentives for specific outcomes.
Critics warn that betting on sensitive geopolitical conflicts could distort events, as financial motivations may encourage participants to influence real-world outcomes.
Authorities emphasize the urgent need to implement stricter oversight to protect vulnerable users and maintain stability of major events as the industry expands.

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