alt Hacker NewsThe genie is out of the bottle. Crypto-only underground prediction markets will always exist. I think it is better to heavily regulate legal options instead of pushing them underground. That didnt work for drugs or prostitution, and it wont work for gambling.
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officialchicken • today at 5:05 PM
Except, gambling isn't illegal here - in fact, it's very common. There are lots of casinos within a few mins walk in any city in Spain. All the prediction markets need to do is comply with existing laws.
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Except it generally worked for gambling for a very very long time. The existence of a black market does not mean something should be legal. Human trafficking happens, but that doesn't mean we should legalize and tax it. (extreme example I realize, but I use it to illustrate a point)