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A comment on Kalshi court losses pile up as judges refuse to block state gambling laws. Parent comment

Re:Kalshi court losses pile up as judges refuse to block sta... by xenadu02 on Friday November 06, 2026 @02:33PM (#50397212)
Polymarket does. In the US they are a registered CFTC exchange for trading event contracts. That gives them some degree of protection from state actors. It also increases the odds that if you make money you'll actually be able to withdraw it unlike many of these markets. They also operate in actual dollars not make up crypto tokens.

Note that Polymarket's non-US business is crypto blockchain whatever so ... good luck with that. The ability to get your money out could disappear at any time and as far as I know there's no recourse if they just decide to screw you over. Not that CFTC is super effective but it is something.

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Re:Kalshi court losses pile up as judges refuse to block sta... by JumpCrisscross on Friday November 06, 2026 @02:39PM (#50397300)
> In the US they are a registered CFTC exchange for trading event contracts. That gives them some degree of protection from state actors

So is Kalshi. The entire question is how the CFTC made up the authority to regulate gambling out of statute that only ever mentions exempted commodities.

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