posted in Technology
A judge orders Kalshi to stop offering most of its prediction contracts in Washington state, after finding it likely violated state gambling-related laws
cross-posted from: https://piefed.world/c/tech/p/1334481/a-judge-orders-kalshi-to-stop-offering-most-of-its-prediction-contracts-in-washington-st
www.atg.wa.gov/news/news-releases/judge-orders-kalshi-cease-numerous-washington-operations
I been wondering how long it was going to take for someone official to realize that “prediction market” just means “gambling.”
That seems to be the preferred road to riches today. Make an illegal business, make money as fast as you can while you trip up the legal system as best you can to maximize the time until you have to pay the piper, and if you can make enough before the hammer drops, you pay off the hammer and keep doing it. If not, you pay the hammer its cut (the slap on the wrist fine), then make off with the rest.
Another one to the list. Illegal cab company, illegal hotel network, illegal currency for money laundering and now illegal gambling site