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States can regulate prediction markets [gambling] as gambling, federal appeals court rules (edition.cnn.com)
submitted 2 months ago by to c/technology@lemmy.world
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A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.

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[–] 96 points 2 months ago (7 children)

THIS JUST IN: GAMBLING IS GAMBLING

Stay tuned for more after the weather, brought to you by Kalshi.

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  • [–] 9 points 2 months ago (2 children)

    10 quid says it's gonna rain!

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  • [–] 4 points 2 months ago (1 child)

    they literally will let you gamble on this btw https://polymarket.com/event/where-will-it-rain-on-august-31-2026

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  • [–] 2 points 2 months ago

    Wow. I was just joking, I didn't expect that to be a real thing.

    I don't like prediction markets, but I guess one good thing would be that it motivates investment into weather prediction models. Something we will need to improve even further, because of climate change.

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