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News & Current Events Mar 29, 2026 at 6:57 PM

Lawmakers Eye Bipartisan Crackdown On 'Prediction Market' Gambling

Posted by huffpost


Lawmakers May Crack Down On 'Prediction Market' Gambling After Eerily Timed Iran War Bets
HuffPost
Lawmakers May Crack Down On 'Prediction Market' Gambling After Eerily Timed Iran War Bets
But members of Congress aren't interested in slowing the surge of online betting that's invaded professional sports.

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Actual__Wizard Mar 29, 2026 +9
Yeah these people keep doing the same thing. They're trying to redefine what words mean. Obviously it's gambling, no matter how many times they say "prediction market." That's "not how language works." You can't redefine words. You can create new things and pick their name, but you can't pick a deceptive name because "things are what they are." We can look at "the prediction market" and clearly see that it's gambling. So, trying to suggest that gambling and "prediction markets" are not the same thing is objectively false. It's the same thing, they're just "playing word games."
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PsychLegalMind Mar 29, 2026 +4
It is just a money making scheme for those involved in its foundation and with poltical connections.
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bayleysgal1996 Mar 29, 2026 +5
If this means I don’t get a hundred Kalshi ads despite literally never having touched or shown interest in that c*** I support it
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Cjacksoncnm Mar 29, 2026 +5
So tell me what was different with Martha Stewart's insider trading?
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merRedditor Mar 29, 2026 +4
Now there will be people placing Kalshi bets on whether or not this passes.
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deithven Mar 29, 2026 +1
more and more things are looking already like betting with extra steps
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