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> pretending Polymarket bets are securities

No, they are pretending they are _commodities_. Pretending things are securities is disfavoured by the current administration.

> government pretending Polymarket bets are securities

Crypto prediction markets have an interest in being regulated like traditional exchanges since it opens up access to Wall Street market makers for increased liquidity.

Isn't that stock market a prediction market?

No, as the name sort of suggests, it's a stock market. As in, it's a place for people to buy stakes in companies, and occasionally a place for companies to raise money by selling stakes in themselves.

> (…) provide no benefit to society and don't need to exist.

The sounds extremely fascist.

TIL fascism is when you let states regulate gambling because of the public interest and lack of public benefit.

Fascism is when seatbelts

You do not know what this word means, please consider educating yourself before using it again.