Looks like gambling isn't regulated like gambling.

From American Public Media, this is Marketplace Tech.

I'm Stephanie Hughes.

Prediction markets handled more than $40 billion in bets in 2025.

It looks a lot like gambling, and there are more than a dozen lawsuits alleging it is.

But bets on these platforms aren't regulated that way.

They're regulated like commodity's futures contracts.

That means these platforms can operate in states that don't allow gambling

and without the oversight requirements of states that don't allow gambling and without the

oversight requirements of states that do. Now federal regulators are looking at new rules for

prediction markets. Marketplaces Megan McCarty Carrino has more. NBA player, Jonte Porter,

was having an unremarkable season back in 2024. Jackson, on the drive over Porter, and a foul's going to be charged to Jontay Porter.

The big man for the Toronto Raptors averaged only about four and a half points a game.

He'd barely begun playing in this matchup with the Memphis Grizzlies when he went out with

what appeared to be an eye injury.

Changed in the lineup right away. I mean, not even three minutes into the game. And new acquisition.

Days later, he left a game against the L.A. Clippers after four and a half minutes complaining of eye pain.

And later in the season, playing the Sacramento

Kings, made it a mere two minutes and 43 seconds. Porter admitted to coordinating with a group of

gamblers to underperform in those two games. And after the first game, the betters cashed in,

becoming the biggest money winners for NBA bets on Draft Kings that day.

Which was very suspicious, says Matthew Holt, former head of a company that scours

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