News for hackers. Stuff that matters.

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 HDThoreaun on Friday November 06, 2026 @02:55PM (#50397509)
No, the supreme court. End of the day this is a commerce clause question. Good chance even if congress fully legalizes all this supreme court could over rule that.
[ Parent | on HN ]
Re:Kalshi court losses pile up as judges refuse to block sta... by JumpCrisscross on Friday November 06, 2026 @03:11PM (#50397736)
> End of the day this is a commerce clause question

It really isn’t. Nobody is challenging the federal government’s authority in the matter. Just whether the CFTC is reading statute correctly.

The Congress could choose to regulate or legalize prediction markets. It hasn’t. It created laws for exempted commodities with Dodd-Frank and the CFTC and Trump sort of ran with that.

[ Parent | on HN ]