A federally regulated sports prediction market is in America’s future. These platforms serve a legitimate economic purpose that is fundamentally different from traditional gambling 👇 Consider a local bartender in Philly. If the Phillies are leading throughout the regular season, they should probably do what they can to optimize for a strong postseason. Maybe they buy some new TVs or staff up, expecting higher traffic. The longer the Phillies maintain their postseason run, the better off their business. The inverse is also true. In a world where they can’t hedge on the various outcomes, they may not elect to invest in that growth during the regular season to begin with, ultimately limiting their economic prospects. That dynamic is impossible to replicate via traditional gambling since the house is optimizing for its VIG, and the concept of fair value doesn’t exist. State gambling regulators have no right to stand in the way of this evolution.