Sorry Tarek, Kalshi is not just like Uber. Comparing local ride-sharing rules to federal and state gambling statutes that target underage gambling, problem gambling, financial exploitation, money laundering, and sports bribery oversimplifies a massive legal and regulatory divide.
BREAKING: The Florida Attorney General has gone after the payment processors that worked with online sweepstakes casino operators VGW and Stake. Among those sued are Worldpay, Trustly, Praxis, and Breeze Labs. The AG is seeking to recover all customer losses from these firms.
CNBC: Novig surpassed $125 million in first-week sports contract notional volume, topping rivals Kalshi and Polymarket, as legal and regulatory obstacles loom.
Via @AnanyaBChetia