Betting platform popular in US but regulations have prevented UK growth
A former treasury minister believes a type of betting platform popular in the United States could be the next big sector on the Isle of Man.
Eddie Teare says government needs to identify a new industry to grow the economy.
Prediction markets allow gamblers to bet on real world events that have specific outcomes, such as elections or awards winners.
UK regulations have prevented growth of the sector across, something Mr Teare says could be an opportunity for the Island:
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