“You can just trade predictions like stocks” — why that common shortcut misses the real mechanics and risks of regulated event contracts
Many people assume prediction markets are simply another stock-like venue where you buy a contract and wait for a payday. That shorthand captures the surface but it obscures crucial mechanics, legal constraints, and security trade-offs that matter in practice—especially on a regulated U.S. exchange. Using Kalshi as a concrete case, this piece explains how event…
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