Fresh off their appeals court 'win':

New Jersey cannot regulate Kalshi's prediction market, US appeals court rules

https://finance.yahoo.com/markets/options/articles/jersey-ca... (https://news.ycombinator.com/item?id=47669575)

> Kalshi's sports-related event contracts are swaps traded on a CFTC-licensed DCM

Does anyone know the substantive difference between those contracts and normal sports gambling, from a bettor perspective? Are debts dischargeable in bankruptcy or something?

Or did Kalshi actually find a way around state laws?

Also, per TFA: “A new era in sports broadcasting”; indeed; 30 years ago they’d throw you in jail for taking this type of action.

The Murdoch family and Fox News is so predatory. Now the Ellisons are joining their ranks.