alt Hacker NewsI'm curious to see how this works out, because sports betting is _not_ in the CFTC's remit, and Kalshi etc's argument that states can't regulate them because they're not technically sports betting is contrary to the spirit of the law
Replies
jeltz • yesterday at 11:28 PM
What if CFTC would start to claim they are allowed to regulate online casinos or online poker? I feel that would be about as non-sensical.
nojito • yesterday at 8:44 PM
There’s no “house” or “book” aspect to Kalshi. They are nothing more than contracts that are bought and sold between individuals.
➕ show 3 replies
> because sports betting is _not_ in the CFTC's remit
Traditionally it has not been, but the current CFTC says that 'prediction bets on sports' ARE under their purview. This has not been fully challenged in court, though.