Prediction markets and event betting are increasingly gaining attention in the UK as innovative ways for people to engage with future outcomes beyond traditional sports betting. These platforms allow participants to trade on the likelihood of real-world events, combining elements of financial trading, gambling, and information aggregation. While the concept is well established in the United States through platforms like Kalshi and PredictIt, the UK market is only beginning to explore these models under the regulation of the UK Gambling Commission. In the UK, prediction markets operate similarly to their global counterparts. Each contract represents a specific outcome, such as a political result, an economic indicator, or even cultural events…

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