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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 ReflectedImage on Friday November 06, 2026 @03:07PM (#50397693)
"to future cash flows from the legal entity that issued the stock"

In practice, they don't work like that anymore and you get the majority of the value by buying/selling the stock to another party.

Stocks have effectively degraded into gambling style instruments.

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Re:Kalshi court losses pile up as judges refuse to block sta... by mrandish on Friday November 06, 2026 @04:23PM (#50398721)
> Stocks have effectively degraded into gambling style instruments.

That's an overbroad generalization. They can be degraded into effectively being gambling style instruments if you want, but that's NOT what they fundamentally are. Stock and commodity trading markets drive positive-sum capital formation, whereas prediction markets and sportsbooks are zero-sum synthetic side-bets.

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Re:Kalshi court losses pile up as judges refuse to block sta... by BobaFloutist on Friday November 06, 2026 @04:25PM (#50398733)
Gambling style instruments that can be trivially used in a way such that they favor the player, and offer some of the best long-term investments there are.
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Re:Kalshi court losses pile up as judges refuse to block sta... by throwaway2037 on Sunday November 08, 2026 @03:08AM (#50411324)
I suggest that you read this article from the CFA Institute: "Investing vs gambling: how to tell the difference"[1]

[1] https://www.cfainstitute.org/insights/articles/investing-vs-...

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