HN

Comments (48)

• paxy
  There’s a reason both Kalshi and Polymarket were quick to make political connections (aka pay bribes). They know what they are doing is illegal, and waiting for legislation like sports betting apps did would take too long. So they bought get out of jail free cards instead.
• mahboi
  Wonder how proxies/VPNs play into this, since Utah was recently in the news about an age verification law that basically said you're liable if anyone physically in Utah accesses a restricted site.
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  yowayb
  i feel like there's some provable equivalency between gambling and pyramid schemes
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  a13n
  Personally I’m a fan of the non sports side of these apps, Polymarket in particular. They are putting a financial incentive behind accurately predicting the future, which makes these apps basically the most accurate predictor of the future. Available to anyone to view, for free.It makes sense why they went towards sports gambling, because the market is so big.
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  superxpro12
  kalshi and polymarket are quite obvious gambling sites. any pedantic arguments to the contrary are strictly financial chaff to enhance their operating margins until the regulations finally catch up.they were never an innovating marketing play... it was the culmination of a gambling company committing to regulatory capture as evinced by Donald Trump Jr (totally not) sitting on BOTH BOARDS as a "paid strategic advisor" or whatever lie they want to spin.
• Fairburn
  [dead]
• ChrisArchitect
  [dead]
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  jawiggins
  As much as I am a fan of being able to see the current probability of a future event by checking prediction markets - the argument that there is a meaningful difference between predicting the outcome of a sports game and betting on the outcome of a sports game strains credulity.
• 10111001
  This is outrageous! They're tech founders! Penny-ante things like "the law" don't apply to them!Somebody needs to tell Utah it needs to change its laws to adapt to their business plan, ASAP.
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  pr337h4m
  Nobody should ever be threatened with prison time because of a jurisdictional dispute between federal and state governments. That's antithetical to the rule of law, regardless of the specifics of the law or the jurisdictional dispute.