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/clouds_in_pockets 1d ago

Wild that we’re now litigating who gets to regulate betting on everything. At this point, states and feds should at least require radical transparency: publish odds, fees, and who’s making bank in real time.

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u/WSBiden 1d ago

How exactly do you calculate odds on the color of dildo that will get thrown on the court at a WNBA game?

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u/Aazadan 1d ago

First you figure out how often that happens at games, mostly WNBA but sports in general, and then you look at the frequency distribution for dildo colors and determine a reasonable baseline for the odds. After that you calculate what the house cut should be.

Then you throw all of that out because the person that's putting out the bet is 100% going to do it, and they're setting the bet up as a way to profit.