regulated entities mad at unregulated entities, nothing to see here, yawn
Actually exactly the reverse
You think the states are the ones who care?
It's the regulated gambling corporations who are rattling their sabres right now.
9th Circuit sides with states in Kalshi gambling fight
181–184 of 184 posts
Re: 9th Circuit sides with states in Kalshi gambling fight
#182Earlier quoted context omitted.
Tylenol only works for relatively low levels of pain, which tends to be relatively short term. So abuse is not very common, and even with chronic pain, Tylenol overdosing kills quite quickly, it doesn't have time to become a habit that takes down entire families together with the chronic pain sufferer. Either way, we don't have to assume, we can directly check the numbers. Per another commenter, Tylenol kills about 4…
I am not a physician, though I have a Masters in Biomedical Science and was a paramedic for 14 years. I have a very difficult time taking an argument plausibly that compares Tylenol (acetaminophen, an antipyretic analgesic) to illegal stimulant use (immediately following a discussion on fentanyl, which is an opioid - about as close to opposite a stimulant as possible) - i.e. generally amphetamines. Or comparing Tylen…
I was responding to someone who said Tylenol was more dangerous than "most illegal drugs". Since the only danger of Tylenol is death from overdose, I searched for some data on deaths from Tylenol overdose and deaths from illegal drugs - and happened to find data for deaths from "illegal stimulants" grouped together - so used that.
Of course, most illegal drugs, even very light ones like marijuana, have other risks, like DUI or the general ills of addiction (money issues, increased criminality from the desperation of getting another hit, etc). But even ignoring those, I thought the death numbers make it very clear that Tylenol is nowhere near "less dangerous than most illegal drugs".
Re: 9th Circuit sides with states in Kalshi gambling fight
#183Earlier quoted context omitted.
People here have said even crazier ideas on HFT trading tax or wealth tax. People have lots of crazy ideas about taxation that clearly doesn't work. It's hard to tell if they don't get it or don't care because they actually just want it banned outright. Few here would be a good politician or law maker.
Or maybe you're just assuming the stupidest possible versions of those ideas
They're all stupid relative to the posters understanding of tax law and finance, which on HN is pretty low.
Re: 9th Circuit sides with states in Kalshi gambling fight
#184Earlier quoted context omitted.
Sports betting was, if not prohibited, then highly-proscribed for most of my life. You could do it in a few places like OTB, go to Vegas, or deal with an illegal bookie. People still gambled, but this made the problem orders of magnitude smaller than it is today. We did not need Sharia law or the guillotine, just an existing system of laws that were generally highly workable. It is not helpful to pretend like we need…
I really dont think the problem has gotten worse, its just more visible. The previous status quo didnt work either, you just didnt hear as much about it because there weren't commercials. In all reality, the NASDAQ does the entire yearly turnover Klashi and Polymarket combined in a few minutes. It hasnt become as big of a problem as people make it out, but its still a problem. But there's no going back to the status…
DraftKings alone is estimated to do $6.5bn in revenue in 2026, and the whole US segment is close to $20bn. This is the market that Kalshi et al. are targeting, and these are huge sums of money. You can make sports betting artificially look small by comparing it to the entire equities market (but why?!), however the more reasonable standard of retail product/entertainment companies these are big and rapidly growing businesses.