Prediction market (event contract)

Industry and product terms

Definition

A regulated exchange where people trade contracts on whether an event will happen, including sports outcomes and elections. NCPG has raised consumer-protection concerns because these contracts are supervised as financial products, which means state gambling protections — including state self-exclusion — generally do not apply.

Preferred phrasing

name the gap explicitly: "prediction markets, which state self-exclusion does not currently cover."

Source

https://www.ncpgambling.org/advocacy/consumer-protection-prediction-markets/

Cite this

Betttr. "Prediction market (event contract)." The Gambling Recovery Glossary. https://betttr.net/glossary/prediction-market/ (accessed 2026-09-20).

Last updated: 2026-09-20.

Corrections: support@betttr.net