just saw this take from a major exchange's legal chief basically saying states are full of it when it comes to prediction markets regulation. apparently there's this whole thing where one side claims the other is being deceptive about what these platforms actually do. the legal head is pushing back hard on what he sees as misleading arguments from state regulators. prediction markets have been this weird gray area for a while now - some people think they're just gambling, others see them as legitimate price discovery tools. anyway the litigation angle here is interesting because it suggests this is gonna get messy in courts before it gets settled legislatively. wondering if other exchanges will back this position or if they'll stay quiet and let the legal teams handle it behind the scenes