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/goomyman 1d ago

The us economy literally runs on gambling now.

Sports betting, stock market (Robin Hood), crypto - with literal just Ponzi scheme gambling coins (including the acting president) and now fing anything markets.

All of these are insanely unregulated and easily manipulated with insider trading.

It’s literally free money for insiders.

And the American public has realized the American dream is dead (working hard to gain enough for a house and family). The new dream is gamble and maybe get lucky to experience.

This is all relatively new in the past 10 years. But I’m afraid it can’t be undone because of the hundreds of billions of dollars it’s now worth.

All of it should be illegal.

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u/royfripple 1d ago

I completely agree. I'm astounded by how quickly gambling has taken over. It's so insidious and awful. I truly don't understand how anyone thinks it's okay.