this post was submitted on 29 Aug 2026

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139

States can regulate prediction markets [gambling] as gambling, federal appeals court rules (edition.cnn.com)

submitted 4 hours ago by technocrit@lemmy.dbzer0.com to c/technology@lemmy.world

6 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.

top 6 comments

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[–] Assassassin@lemmy.dbzer0.com 33 points 3 hours ago (2 children)

THIS JUST IN: GAMBLING IS GAMBLING

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

[–] bugbear@lemmy.sdf.org 5 points 2 hours ago

10 quid says it's gonna rain!

[–] bedwyr@piefed.ca 1 points 1 hour ago

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

[–] Sibshops@feddit.cl 3 points 1 hour ago

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

[–] LincolnsDogFido@lemmy.zip 27 points 3 hours ago (1 children)

Now let's see which do

[–] shweddy@lemmy.world 10 points 3 hours ago

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