How is investing not a form of betting in and of itself? At this point, getting out of bed in the morning is a form of gambling. Driving your car or even just getting in a car is gambling. Everything can be given odds, and once you tell someone the odds, it's gambling.

Unfunnily ironically, Kalshi is one of, if not _the_ worst because it's not limited to one type of betting. It also seems to have lobbying power behind it that has shielded it from the kind of (laughably minimal) regulation that sports betting companies have to, because their lobbyists use weasel words like 'markets' in order to make it sound sophisticated rather than what it actually is: entirely degenerate.

Shameful.

No, you don't get it, it's information discovery, it's a financial derivative, it's arbitraging opportunity.

You should allow people to bet sums on whether you're gonna get shot tomorrow, so you can have the best possible information!

Of course there's no incentives for acting badly against you, and if there are it's again, just price discovery.