A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.
A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.
THIS JUST IN: GAMBLING IS GAMBLING
Stay tuned for more after the weather, brought to you by Kalshi.
Gambling implies there’s still the concept of luck and not of insider trading.
10 quid says it’s gonna rain!
they literally will let you gamble on this btw https://polymarket.com/event/where-will-it-rain-on-august-31-2026
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.
stay tuned for the supremes making it fine to do what the fuck ever.
brought to you by carl’s jr.
Many religious extremists feel that insurance is a form of gambling. Ned Flanders for instance.
You’re definitely gambling on whether or not the company will help you if something happens