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9th Circuit sides with states in Kalshi gambling fight

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Re: 9th Circuit sides with states in Kalshi gambling fight

#131
post #99
post #38

Earlier quoted context omitted.

Pointing that out makes as much sense as "so you're against drugs? Did you know Tylenol is a drug? Ha checkmate!"

Great example, because Tylenol is more dangerous than nearly every illegal drug.

For those who downvote: it's true. Look it up.

Re: 9th Circuit sides with states in Kalshi gambling fight

#132
post #99

Earlier quoted context omitted.

Great example, because Tylenol is more dangerous than nearly every illegal drug.

For those who downvote: it's true. Look it up.

Again, that's missing the point of drug regulation. There's plenty of substances even more dangerous than Tylenol, but aren't banned. "Drugs" are banned due to a combination of (perceived) harm to user/society, potential for abuse, as well as toxicity. That's why there's plenty of substances more toxic than Tylenol, but aren't banned.

Re: 9th Circuit sides with states in Kalshi gambling fight

#134
post #105

Earlier quoted context omitted.

Well, one should also remember that they thought protecting the opulent minority was so important that an entire house ought to represent them. Secure the permeant interests of the country and all that. Not that the other house isn't also tilted that way, but it seems to be that they, and the appointments approved by them, are functioning exactly as was intended (as shown by the supreme court suddenly caring about ex…

They also thought owning slaves was a good idea. Perhaps we shouldn’t let men dead for centuries dictate how to run the country anymore?

[deleted]

Re: 9th Circuit sides with states in Kalshi gambling fight

#135

Earlier quoted context omitted.

Lots of bespoke insurance already exists. Lloyds will insure your rocket cargo or even provide terrorist strikes. Doesn’t mean we need people wagering at kalshi on “number of terrorism fatalities in London before end of 2025”.

> or even provide terrorist strikes. I'm sorry, Lloyd's will _what_??

good point, I missed "insurance against"

Re: 9th Circuit sides with states in Kalshi gambling fight

#136

(Not American) What does 9th circuit or some circuit court mean? It some name of a specific court, just not the place name? Or is it special kind of court and “9” is some sort of level? Importance or hierarchy related? Escalation level? (Assuming your SC eventually is also at the top like in India)

I see a lot of questions here that can be googled or asked with AI chat. Good question, but I also think, why didn’t that person just find out themselves? It’s so easy..

This person isn't actually asking a question, they're performing ignorance as a protest to HN's U.S centricness.

Re: 9th Circuit sides with states in Kalshi gambling fight

#137
post #98

Earlier quoted context omitted.

Why do you assume the tax is on bets and not on profits

Im replying to a comment that says it should be taxed on revenue.

The revenue of a sports book is the spread captured (vig) along with any losses/gains from an imbalanced book. The wagers are not counted as revenue. DKNG did $6B in revenue in 2025, if wagers were included that number would be a lot higher.

That being said I still don’t think taxing on revenue is a good idea.

Re: 9th Circuit sides with states in Kalshi gambling fight

#138

Earlier quoted context omitted.

The reports that were altered were public reports at the ISW from open reporting, not government intelligence. If you lose a war because you based your tactics and strategy off of media reports instead of your own intel, you weren't going to win that war anyway. That said, I recognize the broader point. Betting on everything, especially things that betters can directly influence is incredibly dangerous.

Someone blew a hair dryer at a weather station at Paris CdG airport to win a bet.

Farmers in the US were tampering with official USDA rain gauges used to quantify precipitation for crop insurance payouts, all you need to encourage this sort of behavior is a financial incentive and lax security.

https://www.agweb.com/news/business/rain-robbers-how-four-fa...

Re: 9th Circuit sides with states in Kalshi gambling fight

#139
post #91
post #10

Earlier quoted context omitted.

Gambling is a negative externality that needs to be taxed. 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…

Your argument of course sounds nice and fails under your inability to define "gambling." I view favored house-odds, on arbitrary games or not, as unethical and predatory. This is the classic casino slot machine and related. However, Poker doesn't have house odds, it is a fair game. Move one level up: prediction markets don't have house-odds if implemented plainly. On non-game events, they also have a positive externa…

[deleted]

Re: 9th Circuit sides with states in Kalshi gambling fight

#140
post #97

Earlier quoted context omitted.

The thing is that US Congress can't make laws. It just can't. It's nonfunctional. When it does that's the rare exception, and it better be perfect the first time because you won't get so lucky twice.

https://legiscan.com/US/legislation?status=passed Seems like they can, or you mean they can't 'make laws' that you personally care about?

IMO this link proves the poster’s point. We are passing 1-2 laws a week. So far the 119th congress has passed 104 laws

100 years ago, the 69th congress passed over 1500 laws, plus hundreds of continuing resolutions, treaties, etc https://www.loc.gov/collections/united-states-statutes-at-la...

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