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State judge orders Kalshi to stop offering sports bets and other wagers (arstechnica.com)
submitted 2 months ago by to c/technology@lemmy.world
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[–] 60 points 2 months ago

Changelog: +illegal casino

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    [–] 20 points 2 months ago

    I've been wondering this a lot lately: in the 2000s (10s?) there was a big deal about online gambling and it was outlawed altogether.... What happened to that?

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    [–] 9 points 2 months ago

    There's probably a betting market on Kalshi on whether they comply or not 😂

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    [–] 27 points 2 months ago (2 children)

    A JUDGE? That will DEFINITELY stop these Companies! Especially when JUDGES are known to Give SWIFT Consequences to ANYONE who Ignores them!

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

    It should be noted that this (obviously) will not stop kalshi or polymarket. In fact, the federal government - the CFTC in particular - is teaming up with Kalshi and suing Washington (as well as 8 OTHER STATES) to stop them from trying to regulate prediction markets. This list will undoubtedly grow as 14 states are currently attempting to curb prediction markets on the state level. The party of small government everyone!!

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    [–] 3 points 2 months ago

    The Trump admin is not going to like that. They're going to intervene and ensure every state allows prediction market gambling

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    [–] 2 points 2 months ago

    If Kalshi doesn't offer gambling, then PornHub doesn't offer Porn. Looks like they'll be able to ignore the states that forced them to geo-block too.

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