Thoughts tagged "Kalshi"

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“It’s honestly been eye opening (in a bad way) to see how special interests work in our system” says the Head of Politics at Kalshi, which pays Donald Trump Jr. to sit on its advisory board and has spent over a million in lobbying over the past ~year. The government has just filed a lawsuit to intervene to protect Kalshi from several state regulators.

It’s honestly been eye opening (in a bad way) to see how special interests work in our system. Kalshi and other regulated prediction markets are better for consumers and threaten gambling monopolies. So casinos take their profits (which come directly from people’s losses) and use it to fund the state’s litigation to try and shut down their competition. This is part of why so many people believe the government doesn’t work for them anymore