Prediction markets like Kalshi are just sports betting with a finance costume on

A Louisiana judge just put a temporary block on Kalshi, Polymarket, Robinhood and others offering event contracts there, after the state called them unlicensed gambling. Kalshi says it's a federally regulated exchange and is fighting it in federal court. Half my timeline says it's obviously gambling, you're betting on whether a team wins. The other half says if this is gambling then so is buying options. Where's the line?