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Laodicean60

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I'm trying to understand how prediction betting markets work right now.
I'm shocked that Vegas allows this crap, make me wonder if there is a betting line on all world leaders. I guess I need to go to Vegas and see the changes 25 years later.
 
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iluvatar5150

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I'm shocked that Vegas allows this crap, make me wonder if there is a betting line on all world leaders. I guess I need to go to Vegas and see the changes 25 years later.
AFAIK, it's not restricted to Vegas; it's all online. There's a betting line on whatever anybody wants to place bets on. "Vegas" or whomever allows it because the house takes a cut.
 
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essentialsaltes

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I'm shocked that Vegas allows this crap, make me wonder if there is a betting line on all world leaders. I guess I need to go to Vegas and see the changes 25 years later.
It's not about Vegas or Nevada. Or any state.

US sues Wisconsin in legal battle over prediction markets

The Commodity Futures Trading Commission filed a lawsuit against Wisconsin in response to the state’s lawsuits against Kalshi, Polymarket, Crypto.com, Robinhood, and Coinbase, five CFTC-regulated prediction markets. Less than one week ago, Wisconsin filed civil suits against the companies, asserting felony violations of state law.

The CFTC’s latest lawsuit comes just a few days after the Commission sued New York, right after New York filed its own lawsuit against prediction markets.

Congress assigned exclusive jurisdiction over the regulation of various derivative products to the CFTC decades ago
 
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Laodicean60

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AFAIK, it's not restricted to Vegas; it's all online. There's a betting line on whatever anybody wants to place bets on. "Vegas" or whomever allows it because the house takes a cut.
It's not about Vegas or Nevada. Or any state.
This is scary, I won't even go there because it'll feed an old addiction. I see they're using crypto; something like this could spiral out of control. Glad they were caught.
 
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