Young adults under 21 traded $5 billion on Kalshi this year, amid prediction market frenzy

Well that took way too long

Can we just put gambling back in Las Vegas please? No scratch tickets, mega retread, mass losers, etc? ALL GAMBLING.

You wanna gamble gtfo of here please

No

Then enjoy your degenerate gamblers and your state can pay for it.

Vegas would love that. They’ve lobbied for that for generations.

Me too, stack the vice in one spot and regulate the hell out of it like we did before.

Can I still play gamble with your friends?

i hear the gambling industry as a whole is actually kind of struggling (outside of sports), as the stock market is more accessible than ever and that’s the biggest casino around really

It’s also the only casino where the odds aren’t necessarily stacked against you.

In every other form of gambling, it’s a statistical certainty that you’ll eventually lose money doing it. But in stock gambling, it’s possible to come out ahead in the long run.

How many years did it take the courts to end up at the most obvious result of all time?

This one is going straight to the supreme court. The trump crime family is making way too much off these to go down without a fight.

Yep. They’re gonna get big mad about that.

Ok, now make the logical connection and do non-commodity futures markets.

Hell, commodity futures as well. Or at least outlaw established markets for it. If you want to buy or sell a futures contract, you should have to write up the contract and find the buyer/seller yourself.

Why was this a question. It’s obviously fucking gambling. Putting money on the outcome of an event is the fucking definition of gambling…

No, you’re buying contracts that change value based on the outcome of the event. It’s clearly investing. Just like when I go to the casino and invest in blackjack. Same, same.

Yea ikr? I get the whole statistical aspect of it as useful information from the crowd wisdom or whatever, but actually betting on it is full on gambling. Like it’s a gamblers wet dream!

i forsee a 6/3 vote overruling this in favor of gambling soon

Oh yeah? How much you wanna bet? ;-)

and what is one of the largest base for gambling sites/ companies. right wingers.

All market behaviour is gambling and economic war against everybody else - to the death. But it doesn’t sound as benign / innocent as ‘competing on markets’… Point is that all market behaviour needs regulation or better yet, to disappear.

Now do private equity firms.