The article articulated this enough, I thought but I guess not.
They're interfering with officially gathered data, used to forecast the weather. And they're not just gambling. They're also gaming the system to make money on it. This goes far beyond 'just gambling'.
>They're interfering with officially gathered data, used to forecast the weather.
If that's illegal they should be prosecuted for that. Luxury goods create incentive for theft, but nobody suggests luxury goods stores should be banned to reduce the amount of theft.
Could you regulate the sale of luxury goods meaningfully without having negative impacts on necessary markets? Can you say the same about prediction markets?
They're interfering with officially gathered data, used to forecast the weather. And they're not just gambling. They're also gaming the system to make money on it. This goes far beyond 'just gambling'.