Cryptocurrency lawyers: Predicting market Polymarket has no gambling problems
The Internet reported that although regulators around the world have banned Polymarket on the grounds of gambling platforms, lawyer Aaron Brogan has good reasons to prove that it is not a gambling platform. Aaron Brogan, a cryptocurrency lawyer in New York, believes that on the face of it, predicting the market is just an online gamble, which does not hold true. "If you are a state-licensed gambling product, then you are betting on one side. You are essentially betting against your users,"Brogan said. "You're booking a bet... And provide users with certain odds. Whether you make money depends on the odds you set." In contrast, prediction markets such as Polymarket and Kalshi act as neutral intermediaries, matching deals without taking sides, making money through transaction fees. Brogan said: "Forecasting markets is not a gamble because their structure is not a gamble. "They are tools for understanding, hedging and creating public goods. This is the essential difference between them."
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