Golden Finance reported that although regulators around the world have banned Polymarket as a gambling platform, lawyer Aaron Brogan has good reasons to prove that it is not a gambling platform. Aaron Brogan, a cryptocurrency attorney in New York, believes that on the surface, prediction markets are just an online version of gambling, which is not true. "If you're a state-licensed gambling product, you're betting on one side. You're essentially betting against your users," Brogan said. "You're booking a bet...and offering certain odds to the user. Whether you make money or not depends on the odds you set." In contrast, prediction markets such as Polymarket and Kalshi act as neutral intermediaries, brokering transactions without taking sides and making money through transaction fees. "Prediction markets are not gambling because their structure is not gambling," Brogan said. "They are tools for understanding, hedging and creating public goods. That is their essential difference."