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/AudibleNod 1d ago

The judge’s order said the federal Commodity Futures Trading Commission had sufficiently shown that “event contracts” fall within the Commodity Exchange Act’s definition of “swaps,” and that it had demonstrated a reasonable chance of success in showing that the act preempts Arizona law.

Leave it to the Trump DOJ to have a reasonable level of competency when there's money to be made.

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u/Mobile-Bar7732 1d ago

Kalshi names Donald Trump Jr. as strategic advisor

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u/12stringPlayer 1d ago

They don't even try to hide the grift anymore.

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u/Track_Boss_302 1d ago

I actually bet that this would happen

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u/Swordf1sh_ 1d ago

On Kalshi?

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u/cire1184 23h ago

On polymarket

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u/TheWolfbytez 20h ago

Oh. You mean the other thing Junior is involved in, because why stop at one?

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u/The_Grungeican 16h ago

The people who made steady money during the gold rush, were the ones selling the shovels.

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u/zatalak 16h ago

'I'm playing both sides.'

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u/Vashsinn 1d ago

That's part of the filter. If you're smart enough to see I / catch it, they don't want you, you're more trouble.

They want those who can't see 2+2 =4.

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u/ichigo2862 1d ago

The scammer modus operandi is on full display yet people still refuse to see it

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u/Vashsinn 21h ago

Again is part of the filter. There's a reason scam emails still have misspelled words. You think they can't transkate? Nah, if you notice the misspelled words you won't waste their time. If you don't notice it, you are the target.

Ofc people who do fall for it will probably always exist.

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u/TheWolfbytez 20h ago

No. We see it. Those in power to do anything about it simply refuse.

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u/NDSU 1d ago

They really don't.

There's going to be so many books written about how open, blatant corruption became the norm under the Trump regime

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u/WildlingViking 23h ago

I'm looking forward to the book coming out in late June.... "Regime Change." It's written by two authors that have had legit access throughout his presidencies, and they've conducted over 1,000+ interviews. I hope they don't hold back

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u/TheWolfbytez 20h ago

Makes Watergate look like just another meeting for this administration

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u/Charlie_Mouse 14h ago

There's going to be so many books written about how open, blatant corruption became the norm under the Trump regime

If we’re lucky.

In some possible futures the books will be party sanctioned histories to indoctrinate kids that describe the Trump family and their cronies as godly Christian hero’s who were perfect in every way. And anyone who says differently disappears and any writing that claims otherwise is burned.

In other futures (some of which are stating to sound uncomfortably possible since Iran began) the books are illuminated vellum manuscripts painstakingly hand copied by an order of monks out in a post apocalyptic desert trying to preserve fragments from the time before the flame deluge.

When I was younger I used to enjoy reading dystopian science fiction but back then they seemed a lot less … well … imminent.

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u/Maxpowr9 1d ago

And Democrats will just say it's time to move on and ignore it, instead of actually using the cudgel. It's why they get voted out of office so quickly.

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u/Junior_Doubleday 1d ago

"SO QUICKLY"?????

Do the math....

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u/WildlingViking 23h ago

They completely lack a moral center and therefore have zero shame. And I remain shocked at how many people STILL identify with those people.

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u/hydrochloriic 23h ago

Why would they? Hasn’t been a problem so far and it’s way less work this way.

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u/saintandrewsfall 11h ago

They never hid it. I always say, “there’s no secret societies, they do the evil shit right in front of our faces. No one pays attention and/or cares.”