although regulatory agencies around the world have banned Polymarket for being a gambling platform, lawyer Aaron Brogan has ample reason to prove that it is not a gambling platform. New York cryptocurrency lawyer Aaron Brogan believes that on the surface, prediction markets are just online gambling, but this claim is not valid. "If you are a nationally licensed gambling product, then you are gambling against one party. Essentially, you are betting against your users," Brogan said. "You are booking bets... and offering users certain odds. Whether you make money depends on the odds you set." In contrast, prediction markets like Polymarket and Kalshi act as neutral intermediaries, matching trades without taking sides, and earning 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."