posted in Technology
States can regulate prediction markets [gambling] as gambling, federal appeals court rules
edition.cnn.com/2026/08/28/business/states-prediction-markets-gambling-federal-appeals-courtA federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.
Replying to @technocrit@lemmy.dbzer0.com
THIS JUST IN: GAMBLING IS GAMBLING
Stay tuned for more after the weather, brought to you by Kalshi.
Replying to @Assassassin@lemmy.dbzer0.com
10 quid says it’s gonna rain!
Replying to @bugbear@lemmy.sdf.org
they literally will let you gamble on this btw polymarket.com/…/where-will-it-rain-on-august-31-…
Replying to @kate@lemmy.uhhoh.com
Wow. I was just joking, I didn’t expect that to be a real thing.
I don’t like prediction markets, but I guess one good thing would be that it motivates investment into weather prediction models. Something we will need to improve even further, because of climate change.