New Jersey has no right to ban Kalshi's prediction market, US appeals court rules

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Submitted ⁨⁨6⁩ ⁨hours⁩ ago⁩ by ⁨realcaseyrollins@narwhal.city⁩ to ⁨finance@thelemmy.club⁩

https://www.engadget.com/big-tech/new-jersey-has-no-right-to-ban-kalshis-prediction-market-us-appeals-court-rules-214448284.html

It's the first federal ruling on prediction markets like Kalshi and Polymarket, but it won't be the last.

https://www.engadget.com/big-tech/new-jersey-has-no-right-to-ban-kalshis-prediction-market-us-appeals-court-rules-214448284.html

Comments

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supersquirrel@sopuli.xyz ⁨5⁩ ⁨hours⁩ ago
Lol we are so fucked

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- realcaseyrollins@narwhal.city ⁨5⁩ ⁨hours⁩ ago
  Do you think Kalshi and/or gambling should be illegal?
  
  Lately all the anti-gambling rhetoric I've been hearing has been from Christian Nationalists, I wasn't expecting anyone else here to agree with the perspective.
  
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  - supersquirrel@sopuli.xyz ⁨5⁩ ⁨hours⁩ ago
    I think gambling needs to be at a minimum heavily regulated, it is literally a direct method of transfer of wealth to the ruling class.
    
    Gambling and sports betting is spreading and destroying people’s lives like a pandemic. We have no choice but to mitigate it.
    
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