Even if we concede that, Kalshi and Polymarket need to be better regulated with actual laws associated with it, as opposed to the quasi-wild-west thing we have now. I will acknowledge that a lot of trading isn't significantly different than gambling, when you do things to purposefully manipulate the market or gamble with non-public information, there's at least an SEC that can investigate, sue, and/or arrest. I'm not claiming it's perfect, but at least there's an attempt to make the markets more fair.

It doesn't really seem like Kalshi and Polymarket have nearly the same regulation. There are plenty of cases where people are purposefully betting on the market when they can easily manipulate the results, with little/no consequences.