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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Inb4 the Supreme Court overrules this.
Do Wall Street next.
THIS JUST IN: GAMBLING IS GAMBLING
Stay tuned for more after the weather, brought to you by Kalshi.
10 quid says it’s gonna rain!
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
Now let’s see which do
Only the ones that aren’t in bed with the feds
TIL it wasn’t considered gambling in the first place.
