NJ urges SCOTUS to rule that Kalshi sports bets are gambling, not "swaps"

Ars Technica@mastodon.social · 2026-09-04 03:42

Circuit split raised the odds that SCOTUS will rule on Kalshi fight against states. https://arstechnica.com/tech-policy/2026/09/nj-urges-scotus-to-rule-that-kalshi-sports-bets-are-gambling-not-swaps/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social

NJ urges SCOTUS to rule that Kalshi sports bets are gambling, not "swaps"

Circuit split raised the odds that SCOTUS will rule on Kalshi fight against states.

arstechnica.com

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Passwordsarehard4@mastodon.social 2026-09-04 04:59

@arstechnica this wouldn’t be an issue if we closed white collar loopholes to launder money instead of just throwing up our hands and giving in when they write them into law. These “swaps” were bullshit from the inception, either you buy something to gain its benefits or you don’t buy it and you didn’t.