The state of Nevada has filed a lawsuit against the prediction market website, which allows users to place bets on a wide range of events. The state claims that the website is engaging in unlicensed sports gambling and is therefore illegal. The website, known as PredictIt, argues that it is not engaged in gambling at all, but rather is simply a platform for people to make predictions about future events.
Source: NBC News
Author: Allie Canal, Suzy Khimm, David K. Li
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