Lucas Kohorst

Note from Citizens on the new per-bet tax in Illinois suggests that the move could prompt online sportsbook operators to nudge players in "higher tax states" toward (non-state-regulated) prediction markets: https://t.co/dEHI8QO56N

In a prediction market, it is relatively more difficult: maybe you are trading with someone who has natural exposure to a Russian invasion and is just looking for a hedge, but more likely your counterparty is, like, a guy who speaks Russian and is in dozens of Telegram groups waiting for just the right moment to trade against your resting order.