Kalshi is Gambling
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Kalshi is Gambling
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Writer: Kyler Himes
Editor: Dawid Wilsnach
Music by: @UFD-Music
No matter HOW much prediction markets insist they’re NOT gambling - the government disagrees
Kalshi’s been fighting tooth and nail with US states about the enforcement of gambling laws - and now they just lost against Ohio and Tennessee
What apps like Kalshi call “swaps” are a legal loophole that differentiates their “bet on anything” platforms from traditional online casinos - but what we keep repeatedly noticing are states flat out not accepting this as a proper definition
If the “swaps” actually AREN’T gambling, the only body that can govern them is the US Commodity Futures Trading Commission - and even then, states still have the right to enforce swaps as though they were gambling
Editor: Dawid Wilsnach
Music by: @UFD-Music
No matter HOW much prediction markets insist they’re NOT gambling - the government disagrees
Kalshi’s been fighting tooth and nail with US states about the enforcement of gambling laws - and now they just lost against Ohio and Tennessee
What apps like Kalshi call “swaps” are a legal loophole that differentiates their “bet on anything” platforms from traditional online casinos - but what we keep repeatedly noticing are states flat out not accepting this as a proper definition
If the “swaps” actually AREN’T gambling, the only body that can govern them is the US Commodity Futures Trading Commission - and even then, states still have the right to enforce swaps as though they were gambling
