9th Circuit sides with states in Kalshi gambling fight
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Re: 9th Circuit sides with states in Kalshi gambling fight
#2Re: 9th Circuit sides with states in Kalshi gambling fight
#3The appeals court found sports betting isn’t shielded by the federal law used to block Kris Mayes’ prosecution.
Re: 9th Circuit sides with states in Kalshi gambling fight
#4Re: 9th Circuit sides with states in Kalshi gambling fight
#5Incredible that it's taken this long to arrive at the obvious.
Re: 9th Circuit sides with states in Kalshi gambling fight
#6> “Congress did not take a wrecking ball to all sports gambling regulations built up over decades by federal, state, and tribal governments when it amended the (Commodity Exchange Act),” Judge Ryan Nelson wrote in the unanimous decision. Incredible that it's taken this long to arrive at the obvious.
These laws have profound effects and it takes people time to learn about what they pertain to, especially new technology or new ways of using it. It's good to have periods of feedback between the public, the courts, the legislature and the executive branch. The same things that slow down what we most want to happen quickly also slow down the things we desperately want to avoid.
"If only the law moved as quickly as an individual" is great until you get a guy like Trump in power.
Re: 9th Circuit sides with states in Kalshi gambling fight
#7Re: 9th Circuit sides with states in Kalshi gambling fight
#8This level of parsing looks like judicial legislation to me. Isn't it one occurrence if the Rams win and another if the Packers win? Better that they declare the law void for vagueness and give the legislature another shot at it. Guessing what the words mean, when it is not at all clear to professionals let alone to the average citizen does not give proper notification of what the law is to the people subject to it.
Re: 9th Circuit sides with states in Kalshi gambling fight
#9Re: 9th Circuit sides with states in Kalshi gambling fight
#10> “Congress did not take a wrecking ball to all sports gambling regulations built up over decades by federal, state, and tribal governments when it amended the (Commodity Exchange Act),” Judge Ryan Nelson wrote in the unanimous decision. Incredible that it's taken this long to arrive at the obvious.
Gambling takes advantage of the poor, under-educated, and addictive personalities and puts them into financial distress. This places burden on families, the state, and local municipalities. It creates strain on the workforce and deflects legitimate economic activity that would otherwise strengthen the economy.
We're a free society. I'm fine with gambling from a personal liberty perspective, but the companies that facilitate and profit need to pay 40-50% of their gross revenue to the government. That's comparable to tobacco.
Companies also need to be restricted in how they are able to advertise their vices. Never to children, and never targeted to at-risk personality types.
They also need to be tightly regulated and kept from using dark patterns and addictive gotcha mechanics to cause even greater harm to those most at risk.