As prediction market betting services have evolved, several U.S. state regulators have filed motions against them, saying they are no different than online gambling and should be treated as such. Photo by Hirurg/Canva/Postmedia files

Online gambling is seemingly everywhere, but there’s a new way to make predictions that opens up betting in areas where the practice is still illegal.

Prediction markets allow users to bet on the outcome of nearly anything, and it’s an exchange between users on either side of an outcome, rather than placing a bet at a casino or a bookmaker.

This form of betting is in a legal grey area for most of Canada, but it is legal in the United States, so it opens the door for bettors in the 12 states where online sports gambling is still illegal.

The industry is

See Full Page