alt Hacker NewsIf it is not gambling then it amounts to an unregulated futures market, which is also illegal. There is no way around this for Kalshi/Polymarket, they have broken the law and the only question is which law was broken.
Replies
whimsicalism • today at 6:13 PM
? But Kalshi is regulated by the CFTC
lotsofpulp • today at 6:00 PM
The federal government has claimed Kalshi is a regulated futures market.
➕ show 1 reply
Right, but the point is that we don't just go from popular outrage about a shady business model to "straight to prison". The courts have to untangle the legalities of the shady business model before we can even determine what the charges would be. And that's what they're doing.