156
Man who lost $308,000 on sports bets sues Kalshi for offering illegal gambling (arstechnica.com)
submitted 1 day ago by to c/nottheonion@lemmy.world
14 comments fedilink hide all child comments
you are viewing a single comment's thread
view the rest of the comments
[+] -21 points 20 hours ago (4 children)

Where is gambling illegal? Indonesia?

"They’re trying to convince people that they can beat the odds"

Where is anyone doing that?

"and become rich."

So do universities and stock brokers.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 4 child comments
    •
  • [–] 20 points 19 hours ago* (3 children)

    Lots of places either don’t have legal sports betting, or have regulations around what you can and can’t legally bet on.

    For the Americans here, some of the biggest states don’t allow sports betting. California, Texas, etc.

    20 years ago, sports betting was illegal in most of the US. Now only 11 states remain. The sport book and “prediction market” companies have been lobbying HARD to legalize sports betting across the country.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 3 child comments
    •
  • [–] 2 points 16 hours ago (2 children)

    Sports betting is illegal in Texas? That's news to me, there's billboards everywhere and constant radio ads for draft kings and chumba.

  • permalink
  • fedilink
  • source
  • parent
  • hideshow 2 child comments
    •