34
submitted 22 hours ago* (last edited 22 hours ago) by BountifulEggnog@hexbear.net to c/news@hexbear.net
you are viewing a single comment's thread
view the rest of the comments
[-] InevitableSwing@hexbear.net 16 points 22 hours ago* (last edited 21 hours ago)

This shit is never going to be regulated at all in any fashion...

The criminal charges mark a new front in a high-stakes legal battle over whether prediction markets should be subject to the same rules as gambling companies. Kalshi maintains it’s a financial marketplace rather than a gambling operation and should only have to answer to the federal Commodities Futures Trading Commission, not the state of Arizona.

[...]

Kalshi has said its product is different from gambling operations because Kalshi’s customers engage in “swaps” between one another instead of betting against the “house.”

[...]

President Donald Trump’s eldest son is an adviser for both Kalshi and Polymarket and an investor in the latter. Trump’s social media platform Truth Social is also launching its own cryptocurrency-based prediction market called Truth Predict.

[-] microfiche@hexbear.net 14 points 21 hours ago

It's just ~~turtles~~ grifts all the way down comrade.

[-] JustSo@hexbear.net 9 points 21 hours ago

I am once again asking you to buy some of my many tulip bulbs. bernie-chair

this post was submitted on 11 Apr 2026
34 points (100.0% liked)

news

24718 readers
661 users here now

Welcome to c/news! We aim to foster a book-club type environment for discussion and critical analysis of the news. Our policy objectives are:

We ask community members to appreciate the uncertainty inherent in critical analysis of current events, the need to constantly learn, and take part in the community with humility. None of us are the One True Leftist, not even you, the reader.

Newcomm and Newsmega Rules:

The Hexbear Code of Conduct and Terms of Service apply here.

  1. Link titles: Please use informative link titles. Overly editorialized titles, particularly if they link to opinion pieces, may get your post removed.

  2. Content warnings: Posts on the newscomm and top-level replies on the newsmega should use content warnings appropriately. Please be thoughtful about wording and triggers when describing awful things in post titles.

  3. Fake news: No fake news posts ever, including April 1st. Deliberate fake news posting is a bannable offense. If you mistakenly post fake news the mod team may ask you to delete/modify the post or we may delete it ourselves.

  4. Link sources: All posts must include a link to their source. Screenshots are fine IF you include the link in the post body. If you are citing a Twitter post as news, please include the Xcancel.com (or another Nitter instance) or at least strip out identifier information from the twitter link. There is also a Firefox extension that can redirect Twitter links to a Nitter instance, such as Libredirect or archive them as you would any other reactionary source.

  5. Archive sites: We highly encourage use of non-paywalled archive sites (i.e. archive.is, web.archive.org, ghostarchive.org) so that links are widely accessible to the community and so that reactionary sources don’t derive data/ad revenue from Hexbear users. If you see a link without an archive link, please archive it yourself and add it to the thread, ask the OP to fix it, or report to mods. Including text of articles in threads is welcome.

  6. Low effort material: Avoid memes/jokes/shitposts in newscomm posts and top-level replies to the newsmega. This kind of content is OK in post replies and in newsmega sub-threads. We encourage the community to balance their contribution of low effort material with effort posts, links to real news/analysis, and meaningful engagement with material posted in the community.

  7. American politics: Discussion and effort posts on the (potential) material impacts of American electoral politics is welcome, but the never-ending circus of American Politics© Brought to You by Mountain Dew™ is not welcome. This refers to polling, pundit reactions, electoral horse races, rumors of who might run, etc.

  8. Electoralism: Please try to avoid struggle sessions about the value of voting/taking part in the electoral system in the West. c/electoralism is right over there.

  9. AI Slop: Don't post AI generated content. Posts about AI race/chip wars/data centers are fine.

founded 5 years ago
MODERATORS