The legal battle over whether prediction markets are a form of gambling has overshadowed something else entirely: They’re already a new form of media.

The company has been battling Michigan Attorney General Dana Nessel over whether it can legally operate and let people wager on the outcomes of games.

LeBron James’ new deal with Polymarket which was announced recently has led to an interesting reaction from NBA fans. LeBron James’ offseason has taken an unexpected turn after he recently announced his partnership with Polymarket.

Polymarket has been blocked by South Korea, and 18 of its users have been referred to prosecutors on suspicion of illegal gambling. But the news is not about the sum of 17.6 billion won, but about what this case shows about the growing global divide on how crypto prediction markets should be regulated.