alt Hacker NewsEven that causes problems though as normal casinos with sports betting are then offering a cftc regulated product without a license.
Even that causes problems though as normal casinos with sports betting are then offering a cftc regulated product without a license.
Kalshi isn't "bets", it's a "market" where people trade contracts related to the outcome of the sports game. I think that's the argued legal distinction.
I think it's nonsense and that gambling is very destructive, but there does seem to be a line there where sometimes sports betting is betting, and other times it's trading in a market.