Are Prediction Markets a Threat to Gambling in Las Vegas?

While Las Vegas is known as the gambling capital of the country, newer online vices are popping up that could be competition for our city's biggest offer – casinos. Prediction markets like Kalshi and Polymarket allow users to "trade real-world events" by predicting anything from the outcome of a sporting event to the weather in New York City. It sounds a lot like gambling, but is it? Rick Velotta, assistant business editor at the Las Vegas Review-Journal, joins host Sonja Cho Swanson to discuss the legalities of prediction markets and the threat they pose to gaming companies. 

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