> Kalshi's sports-related event contracts are swaps traded on a CFTC-licensed DCM
Does anyone know the substantive difference between those contracts and normal sports gambling, from a bettor perspective? Are debts dischargeable in bankruptcy or something?
Or did Kalshi actually find a way around state laws?
Also, per TFA: “A new era in sports broadcasting”; indeed; 30 years ago they’d throw you in jail for taking this type of action.
Does anyone know the substantive difference between those contracts and normal sports gambling, from a bettor perspective? Are debts dischargeable in bankruptcy or something?
Or did Kalshi actually find a way around state laws?
Also, per TFA: “A new era in sports broadcasting”; indeed; 30 years ago they’d throw you in jail for taking this type of action.
New Jersey cannot regulate Kalshi's prediction market, US appeals court rules
https://finance.yahoo.com/markets/options/articles/jersey-ca... (https://news.ycombinator.com/item?id=47669575)