Prediction Markets (really, online gambling on inside information) is already corrupting sports, journalists and politicians. It is a societal choice to platform a gambling market that incentivizes widespread bribery.
einstyle on
I’ve literally wondered every time I see a Kalshi ad how it could be legal. Just because they use the word “trade” instead of “bet” doesn’t mean it’s not just gambling. It is 100% indistinguishable from gambling.
gamersecret2 on
This was always going to happen. You cannot dress up gambling as a prediction market forever and expect every state to just smile and allow it.
Arizona finally pushed back hard.
Pooch1431 on
Yet my AG is bitching about loot box aftermarket economic activity on steam… ffs
rajatsingh24k on
So this should be immune from a presidential pardon I presume. If not then how much do you think Kalshi perps pay for one?
JohnCenaJunior on
Somewhere in Milwaukee, Giannis is tightening his fist.
huskers2468 on
What took so long?
Temassi on
Good. It’s fucking weird that you can bet on political actions. Seem ripe for conflicts of interest
Niceguy955 on
Wonder if there’s a market on Kalshi on whether it’s going to be convicted or not. Considering Trump Jr is on their board, specifically to prevent a conviction one assumes, this will get interesting.
btoned on
Can I bet on this resulting in nothing more than a fine they’ll recoup after one quarter?
This isn’t implying some bullishness towards them but the strangle hold public companies have on those in charge.
BarnabasShrexx on
Good get all this shit the f out
JosephFinn on
Good. Gambling sites should be regulated like crazy.
EA827 on
It’s about time
eubulides on
I’m probably not the only one who got a screenshot of a Kalshi ad directly above this post.
doomdance on
Cue executive order protecting prediction markets within the next month
Initial_Savings3034 on
It’s obvious gambling.
Luna__Moonkitty on
It’s essentially the plot of the movie Rat Race, with the oligarchs making foolish bets on everything. But now they’re doing it with the stock market and war instead of creating wacky cross country races with Jon Lovitz and Mr Bean.
Monkfich on
What are the chances of that happening?
phtevenbagbifico on
Kris Mayes, the Arizona AG, won by 200 votes in 2022.
*MAKE SURE SHE IS RE ELECTED.*
thefanciestcat on
I expected Nevada and New Jersey first for more cynical reasons, but I’m glad to see it happening anywhere.
>“Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law,”
Does anyone actually disagree? It seems very straightforward.
ZanthrinGamer on
the fact that it exists at all is repugnant.
BiglyBear on
Good fuck Kalshi shit is creepy as fuck. It’s somehow makes online sports betting seem tame by comparison.
Miss_mariss87 on
I love Kris Mayes. GETTUM
RedshiftWarp on
Can’t wait for this bs to be banned. Every single media content I consume is inundated by their ads.
These people should be drafted for whatever ground invasion/blood sport they’re betting on.
No_Tone1704 on
Nice. A lot of sus shit went down there.
obliquelyobtuse on
Except the Criminal-in-Chief’s son is on the Kalshi board.
And the Trump Graft Administration is all in on Crypto and “prediction markets” so good luck.
WloveW on
Hell yes. Prosecute and get damages for predatory practices. I <3 Kris quite often these days.
SnoopsBadunkadunk on
Next time that question comes up on askreddit to name something that we don’t think about now that will be seen as seriously harmful in the future, my answer is gambling, for sure. Not just prediction markets. This genie needs to go back in the bottle at some point.
CakeDayisaLie on
Polymarket and Kalshi are stains to the world and shouldn’t exist.
Anon684930475 on
Insiders can’t help themselves but to get a few more bucks.
urbanek2525 on
If Kalshi conducts futures traded in addition to prediction trades, and if the two are not financially distinguishable, then Arizona has no case. But if Kalshi doesn’t also do futures, or if futures trading differs in any way, the Arizona should win.
Internet_Rando_667 on
30 years too late to prevent problems, of course.
The mentality of predictions influencing the market is precisely what made market volatility an unreliable metric… decades back.
33 Comments
Prediction Markets (really, online gambling on inside information) is already corrupting sports, journalists and politicians. It is a societal choice to platform a gambling market that incentivizes widespread bribery.
I’ve literally wondered every time I see a Kalshi ad how it could be legal. Just because they use the word “trade” instead of “bet” doesn’t mean it’s not just gambling. It is 100% indistinguishable from gambling.
This was always going to happen. You cannot dress up gambling as a prediction market forever and expect every state to just smile and allow it.
Arizona finally pushed back hard.
Yet my AG is bitching about loot box aftermarket economic activity on steam… ffs
So this should be immune from a presidential pardon I presume. If not then how much do you think Kalshi perps pay for one?
Somewhere in Milwaukee, Giannis is tightening his fist.
What took so long?
Good. It’s fucking weird that you can bet on political actions. Seem ripe for conflicts of interest
Wonder if there’s a market on Kalshi on whether it’s going to be convicted or not. Considering Trump Jr is on their board, specifically to prevent a conviction one assumes, this will get interesting.
Can I bet on this resulting in nothing more than a fine they’ll recoup after one quarter?
This isn’t implying some bullishness towards them but the strangle hold public companies have on those in charge.
Good get all this shit the f out
Good. Gambling sites should be regulated like crazy.
It’s about time
I’m probably not the only one who got a screenshot of a Kalshi ad directly above this post.
Cue executive order protecting prediction markets within the next month
It’s obvious gambling.
It’s essentially the plot of the movie Rat Race, with the oligarchs making foolish bets on everything. But now they’re doing it with the stock market and war instead of creating wacky cross country races with Jon Lovitz and Mr Bean.
What are the chances of that happening?
Kris Mayes, the Arizona AG, won by 200 votes in 2022.
*MAKE SURE SHE IS RE ELECTED.*
I expected Nevada and New Jersey first for more cynical reasons, but I’m glad to see it happening anywhere.
>“Kalshi may brand itself as a ‘prediction market,’ but what it’s actually doing is running an illegal gambling operation and taking bets on Arizona elections, both of which violate Arizona law,”
Does anyone actually disagree? It seems very straightforward.
the fact that it exists at all is repugnant.
Good fuck Kalshi shit is creepy as fuck. It’s somehow makes online sports betting seem tame by comparison.
I love Kris Mayes. GETTUM
Can’t wait for this bs to be banned. Every single media content I consume is inundated by their ads.
It’s more disgusting than just elections.
Earlier today I read the WaPo article about [the threatened journalist.](https://www.washingtonpost.com/technology/2026/03/17/israel-journalist-polymarket-iran-strike/)
These people should be drafted for whatever ground invasion/blood sport they’re betting on.
Nice. A lot of sus shit went down there.
Except the Criminal-in-Chief’s son is on the Kalshi board.
And the Trump Graft Administration is all in on Crypto and “prediction markets” so good luck.
Hell yes. Prosecute and get damages for predatory practices. I <3 Kris quite often these days.
Next time that question comes up on askreddit to name something that we don’t think about now that will be seen as seriously harmful in the future, my answer is gambling, for sure. Not just prediction markets. This genie needs to go back in the bottle at some point.
Polymarket and Kalshi are stains to the world and shouldn’t exist.
Insiders can’t help themselves but to get a few more bucks.
If Kalshi conducts futures traded in addition to prediction trades, and if the two are not financially distinguishable, then Arizona has no case. But if Kalshi doesn’t also do futures, or if futures trading differs in any way, the Arizona should win.
30 years too late to prevent problems, of course.
The mentality of predictions influencing the market is precisely what made market volatility an unreliable metric… decades back.