Fans of pro and college sports can make wagers using certain platforms. These platforms, such as Draft Kings and Polymarket, are available despite laws that ban most forms of gambling. The companies behind these platforms claim they operate under a federal framework.
A statement from one company notes that prediction markets are regulated by a federal commission. This allows them to bypass certain state rules.
Further information on how these platforms work and their legal status is available from the source. Details on their operations and the relevant laws can be found there.
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