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    New Jersey kann Kalshis Prognosemarkt nicht regulieren, urteilt das US-Berufungsgericht

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    1. NewsCards on

      > „This is a big win for the industry and millions of users,“ Kalshi CEO Tarek Mansour said in a social media post on X.

      This is a big loss for humanity.

      But what do we really expect from a federal government run by people with personal connections to Kalshi and Polymarket?

    2. BlockAffectionate413 on

      >A three-judge panel of the Philadelphia-based 3rd U.S. Circuit Court of Appeals ruled 2-1 in finding that the U.S. ‌Commodity Futures Trading Commission has exclusive jurisdiction over the sports-related event contracts that Kalshi allows people to trade on its platform.

      >Judges Porter(Trump) and Chagares(Bush) were the two votes for Kalshi; Roth(Bush) voted for New Jersey.
      The ruling was in line with the position advanced in other litigation by the CFTC under President Donald Trump’s administration. The regulator last week sued Arizona, Connecticut and Illinois to prevent them from pursuing what it called unlawful efforts to regulate prediction markets.
      „Congress gave the CFTC exclusive jurisdiction over trades on DCMs, and this decision affirms the goals of ‌Congress,“ CFTC spokesperson Brooke Nethercott said in a statement.
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      It’s important to note that Don Jr is a board member of Kalshi. So Trump is trying to block all regulations of the company engaged in immoral conduct that his son leads.

    3. FanDry5374 on

      This is why we need a functioning Congress, to actually write laws to protect citizens, not to rubber stamp a wannabe dictator and his billionaire „pals“.

    8. Enbaybae on

      Mark my words, these platforms are gonna continue limit testing for these small court wins until people can place bets on human lives, creating a bounty market for crowd funded murder.

    10. strangedaze23 on

      Allowing these companies to circumvent gambling regulations by calling them “prediction” markets is just absurdity.

      This administration and the billionaires are driving society into the ground. It’s not a taxi service, it’s a ride share. It’s not a hotel it’s a home share. They aren’t employees they are gig workers and independent contractors. Any excuse to circumvent regulations to gain more money.

    11. WealthyTuna on

      Let’s be real states have no power to regulate something that is clearly federal jurisdiction just because the federal government refuses to do anything. Ruling like this have been handed down over and over going both ways. Sometimes the states win sometimes they lose.

      Either way people have a right to bet on whatever they want and nope I have never used any of these platforms but that doesn’t mean I have a right to stop someone else.

    13. ripper_14 on

      That makes it sound like they are on the path to banning prediction markets in New Jersey.

    14. wallyrules75 on

      I would hope society would come together to reject this company but I don’t have much faith in us at the moment

    16. aerost0rm on

      That’s great, but the lawsuit in another state that says it needs to be classified under gambling is absolutely right m. From day one is shoukd have never been listed as a market but instead betting on everyday things

    18. prophetmuhammad on

      Cool, now where can i get some of that sweet sweet insider information?

    19. Fitherwinkle on

      Just do it anyway, Jersey. Just like the fascists do. Ignore the courts and do it anyway. Seems to be working for them.

    20. Due_Satisfaction2167 on

      I wonder how much the thee of them had on the outcome, on Kalshi?

    25. Somepotato on

      So porn companies should just say they’re gambling sites so states can’t block them.

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