this post was submitted on 29 Aug 2026
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A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.

top 12 comments
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[–] Assassassin@lemmy.dbzer0.com 79 points 21 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 6 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 20 hours ago

10 quid says it's gonna rain!

[–] bedwyr@piefed.ca 3 points 20 hours ago (1 children)

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

[–] Mongostein@lemmy.ca 9 points 17 hours ago

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

[–] NathanRanch@lemmy.zip 2 points 10 hours ago

Our economy might need to have this and tax it too. In order to help the government service 40 Trillion in debt, or spend it probably

[–] defaultusername@lemmy.dbzer0.com 3 points 12 hours ago

Inb4 the Supreme Court overrules this.

[–] limdaepl@feddit.org 12 points 17 hours ago

Do Wall Street next.

[–] LincolnsDogFido@lemmy.zip 39 points 22 hours ago (2 children)
[–] Truscape@lemmy.blahaj.zone 0 points 7 hours ago

I'm gonna take a wild guess and assume everything below the Mason-Dixon line will not bother enforcing squat.

[–] shweddy@lemmy.world 16 points 22 hours ago

Only the ones that aren't in bed with the feds

[–] Sibshops@feddit.cl 13 points 20 hours ago

TIL it wasn't considered gambling in the first place.