Kalshi and Polymarket

[megarain]

https://www.casino.org/news/nevada-fede ... t-markets/

Basically Nevada rules Kalshi has unlicensed gambling products

No shit Sherlock.

[Naffman]

I'm confused as to where Polymarket is actually available to use. It doesn't appear to be available in the US or EU?

Pretty much everyone using it lives in a restricted country.

I guess that’s where Kalshi has the upper hand

https://www.casino.org/news/nevada-fede ... t-markets/

Basically Nevada rules Kalshi has unlicensed gambling products

No shit Sherlock.

I guess the casinos have influenced this decision?

But yeah no way ‘prediction markets’ should be legal anywhere where sports betting isn’t allowed.

[megarain]

https://www.vegasslotsonline.com/news/2 ... n-lawsuit/

Class action against Kalshi (Trump jnr on the board)

[Naffman]

Completely makes sense doesn’t it, I obviously don’t have a problem with sports betting/gambling but to call it trading instead of betting is stretching it a bit isn’t it.

And there’s a reason they got Trump Jr on the board and it’s not his brains.

[firlandsfarm]

Completely makes sense doesn’t it, I obviously don’t have a problem with sports betting/gambling but to call it trading instead of betting is stretching it a bit isn’t it.

And there’s a reason they got Trump Jr on the board and it’s not his brains.

To trade or to bet, that is the question!

In my mind they are 99% interchangeable. Why is it share dealers trade but 'punters' bet? For those who draw a distinction do bookies trade or bet? When a grocer acquires a box of oranges are they 'betting' they can 'trade' them for a profit?!