Kalshi attacks a Wisconsin law banning election bets as 'voter suppression'

mwigdahl

And to note, the law in question is from the 1800s -- hardly something novel Wisconsin is doing.

lovich

Yet another article where the media is sanewashing the subject at hand > Then there's the potential for insider trading, something that has dogged the prediction market industry, … From a 2025 article [1] > Coplan said, “Nobody is under the impression that nobody knows the answer, right? Like, of course, there’s people who are working on it that know when it’s going to come. And I think what’s cool about Polymarket is that it creates this financial incentive for people to go and divulge the information to the market and the market to change, and all of a sudden it’s trading at 95 cents.” I didn’t know you could be described as being dogged by an issue that you actively courted and espoused. Additionally I remembered that quote but it took effort to find as it appears Kalshi and Polymarket decided the heat on those views was a little too much and have done a PR wave since January of this year to claim that they totally don’t support insider trading despite that being a core of their business concept. I guess we’ve always been at war with East Asia again, I’ll update my firmware to be a good little drone if even media organizations like npr and apnews are just going to be this blatant with reframing history [1] https://casinobeats.com/2025/11/20/polymarket-founder-shayne...

recursivedoubts

The complete transformation and legitimization of betting culture in the United States has been surreal to watch. From you had to know a guy to baseball TV announcers giving odds on a home run this inning in less than a decade. I know this is hard to conceive of, but there was a time when there were no gambling ads on TV! The crazy part? The other half of the ads you see on TV (pharmaceuticals) weren't there either!

ratelimitsteve

The ability to bet on the outcome of any event is a guarantee of corruption in any event. We've seen the president's teleprompter operator bet on his speeches, we've seen journalists threatened in an attempt to get them to reword an article in order to resolve a bet differently, we've seen several sports betting scandals. What we haven't seen is any indication that this will get better without regulation, and now we're seeing betting markets fight like hell to introduce their rot into the institutions at the bedrock of our society. It needs to stop.

totallygeeky

It seems entirely fair to me that you can't wager against something that you directly had a hand in the outcome of, even accepting the bunk premise that these wagers are legal in the first place. So much outrage nowadays is driven by a belief that people are entitled to profit off of every possible thing in life, how dreadful.

freitasm

Probably because the grift never stops.

jnyst1985

Same playbook used by BNPL and neobanks…