Dave Nadig(@DaveNadig):Now Kalshi is admitting in court that "sports contracts are gambling." OK, so, can everyone stop telling me Sports contracts aren't gambling now? (I love that their trying to make this whole case about conditional vs. commutative logical operations: A=B but B!=A.)

2026.11.06 21:38

Now Kalshi is admitting in court that "sports contracts are gambling." OK, so, can everyone stop telling me Sports contracts aren't gambling now? (I love that their trying to make this whole case about conditional vs. commutative logical operations: A=B but B!=A.)

Daniel Wallach@WALLACHLEGAL

2026.11.06 06:29

NOTABLE CONCESSION: Kalshi acknowledges its event contracts satisfy Utah’s general definition of gambling: “Kalshi does not argue otherwise.” Instead, it argues they fall within the statute’s express exception for “lawful business transactions.”