posted in Technology
New York is suing prediction market Kalshi, calling it an illegal gambling operation
www.techspot.com/news/113318-new-york-suing-prediction-market-kalshi-calling-illegal.html
TechSpotNew York is suing prediction market Kalshi, calling it an illegal gambling operationIn a statement, James said Kalshi violates New York's anti-gambling laws, which are designed to protect minors from betting and combat gambling addiction in adults. "No matter...
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Replying to @sanitation@lemmy.today
Minnesota, Arizona, and now New York.
It pleases me to no end watching state governments push back against these predatory gambling websites.
New York is suing an illegal gambling operation, calling is an illegal gambling operation
Replying to @sanitation@lemmy.today
I’m surprised Nevada wasn’t the first one to sue
Replying to @PalmTreeIsBestTree@lemmy.world
I think it’s banned in Nevada already
Replying to @Raiderkev@lemmy.world
brick and mortar casinos dont want competition , since they are pretty much struggling.
Replying to @sanitation@lemmy.today
Was bound to happen.
Replying to @Polisheocket@lemmy.zip
wanna bet?
(look, insomnia makes for stupid jokes, okay? :) )
Replying to @sanitation@lemmy.today
I’m not an expert, but I think this might be happening because Kalshi is an illegal gambling operation.