alt Hacker NewsThis would be a great post for Kalshi's lawyers to make. Hard to believe it though. To be clear it is a not a fundamental proposition of the legal system that every illegal activity be tested before it "actually" becomes illegal. It is a business' obligation to not violate the law, not the other way around.
I'm not going to argue the merits of their business model. But the fact that numerous lawsuits have had mixed rulings indicates that there is at least some legal gray area here.
But if you know better then maybe you should just decree from the courtroom in your house and send your ruling to the AGs of all 50 states.