this post was submitted on 29 Aug 2026
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253
States can regulate prediction markets [gambling] as gambling, federal appeals court rules (edition.cnn.com)
submitted 23 hours ago by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world
12 comments fedilink hide all child comments
 

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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[–] Assassassin@lemmy.dbzer0.com 81 points 23 hours ago (3 children)

THIS JUST IN: GAMBLING IS GAMBLING

Stay tuned for more after the weather, brought to you by Kalshi.

[–] turdburglar@piefed.social 1 points 7 hours ago

stay tuned for the supremes making it fine to do what the fuck ever.

brought to you by carl’s jr.

[–] bugbear@lemmy.sdf.org 8 points 22 hours ago

10 quid says it's gonna rain!

[–] bedwyr@piefed.ca 3 points 21 hours ago (1 children)

Many religious extremists feel that insurance is a form of gambling. Ned Flanders for instance.

[–] Mongostein@lemmy.ca 9 points 18 hours ago

You’re definitely gambling on whether or not the company will help you if something happens