Kalshi v. CFTC - Round I

Part I - Gaming vs. Gambling: The Distinction is Everything

Dec 14, 2024

∙ Paid

There seems to be consensus among reputable media outlets that risking money for a political candidate winning an election amounts to betting. This was the Reuters headline:

This was CNBC’s:

You know what’s funny? Even Kalshi does not dispute that the election markets they offer to the public amounts to betting. This is what they say on their website:

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