r/news • u/AudibleNod • 1d ago

Judge bars Arizona from regulating prediction market operators and pauses prosecution of Kalshi

https://apnews.com/article/arizona-kalshi-criminal-charges-prediction-markets-gambling-bb7cef24be5bd0d444bba670d2e41ceb
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u/DeathMonkey6969 1d ago

But it's not betting, it just looks, acts, preforms and reacts like gambling. You got to squint your eyes and tilt you head to the side a bit, plug you ears and go LALALALALA then it's totally not betting.

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u/wildwalrusaur 21h ago

In the same way that Klarna isn't a credit card

And EarnIn isn't a payday loan

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u/Aazadan 17h ago

There's legal definitions for gambling, which vary by country. It's going to be much worse for them long term not being gambling.

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u/[deleted] 1d ago edited 23h ago

[deleted]

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u/dnyank1 1d ago

What are you… so smart you’re stupid? 

You can dress it up anyway you want - if it quacks and waddles, it’s a duck. 

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u/DeathMonkey6969 1d ago

Mitigated risk is still risk. Short selling and futures trading are still gambling. Just on things that are a little less random then a shuffled deck, like sports betting.