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Wagering on sports outcomes has exploded in the 2020s, but recent surveys show just how widespread gambling has become for Generation Z. 

The growing popularity of a combo contracts on prediction markets is leading to soaring volumes, even as they makes up only a small amount of total activity on the platforms. 

The 9th U.S. Circuit Court of Appeals rejected prediction market platforms' requests for injunctive relief against the Nevada Gaming Control Board, concluding that sports-related event contracts are not a derivative regulated by the federal government.