I always respect management's decision but I prefer to play un-regulated when I can. Better bonuses and simplicity
Kalshi did 275 million on Sunday
- Thread starter jjgold
- Start date
I prefer un-regulated because they take crypto. Very easy and seamless. Kalshi is taking crypto now too though and I hear novig is taking tether.
These onshore exchanges are innovating and becoming better. un-regulated gonna need to do the same to keep up.
These onshore exchanges are innovating and becoming better. un-regulated gonna need to do the same to keep up.
It was available for NFL on Monday night.
I think it was only same game parlays and I don't think we could parlay both Monday night games together.
It allowed you to create a ticket and add bets to it to create new odds....basically a parlay.
The option disappeard after kickoff.
What kind of rake are they bringing in from these numbers ?
KingKolzig
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Bobby you ever bet at that gay sportsbook?
Problem is they will up the rollovers too
Wagerallsports
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Appeals Court rules in favor of Nevada in prediction market dispute
LV REVIEW JOURNAL SUBSCRIPTIONThe U.S. Supreme Court could be the next stop in the continuing legal battle between Nevada gaming regulators and New York-based prediction market KalshiEx LLC.
Kalshi, a financial services company that operates a derivatives exchange and prediction market offering products referred to as event contracts for sale, was ordered Tuesday to stop writing contracts after the Ninth Circuit Court of Appeals ruled in favor of the Nevada Gaming Control in an appeal to a U.S. District Court reversal of a decision by Judge Andrew Gordon on a preliminary injunction in November.
“The board continues to vigorously fulfill its obligation to safeguard Nevada residents and gaming patrons and uphold the integrity of a thriving gaming industry,” said Gaming Control Board Chairman Mike Dreitzer.
Regulators contend that prediction markets have been taking sports bets without being licensed.
Prediction contracts have been offered for sale on Kalshi’s website and mobile app. Kalshi was active in the days leading up to the Super Bowl and some analysts suspect the reason why Nevada casinos had their lowest Super Bowl betting handle since 2016 is because Kalshi siphoned off some of the action. Kalshi indicated it had an estimated $1 billion in Super Bowl contracts sold.
Daniel Wallach, a Florida gaming attorney, said on X that the Supreme Court could be the next stop for the legal dispute that has gone on since the Nevada Gaming Control Board issued a cease-and-desist order to Kalshi in March and the company responded with a lawsuit against individual members of the Control Board, the Nevada Gaming Commission and the attorney general’s office.
Since the legal skirmish began between the two sides early last year, 20 states that offer gambling have taken legal action against Kalshi, Polymarket and Crypto.com, the three largest companies offering prediction contracts.
Michael Selig, chairman of the Commodity Futures Trading Commission, which regulates prediction markets, on Tuesday threw his support behind Kalshi with a “friend of the court” brief. In a statement on the legal disputes, Selig said markets have been operating for two decades and serve as an accurate thermometer to gauge the temperature of public opinion as a backstop to the news media.
“To those who seek to challenge our authority in this space, let me be clear,” Selig said. “We’ll see you in court.”
Other entities have taken sides as well. The Nevada Resort Association is working with the state to defend the gaming industry because many of its members operate legal sportsbooks.
The prediction markets, meanwhile, have been backed by President Donald Trump, whose son, Donald Trump Jr., has invested in Polymarket through his venture capital firm and is a strategic adviser to Kalshi.
Wagerallsports
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Kalshi could be banned from operating in Nevada in court hearing
LV REVIEW JOURNAL SUBSCRIPTION
4/1/26
A Las Vegas man who has traded in prediction markets for years will be paying close attention to a Carson City court hearing Friday to see if he’ll have to devise a workaround if Kalshi is banned from operating in the state.
The Nevada Gaming Control Board is seeking an injunction against Kalshi which the state says is offering sports betting illegally through its prediction market platform. Carson City District Court Judge Jason Woodbury on March 20 issued a temporary restraining order against New York-based Kalshi and set the injunction hearing for Friday.
Kalshi traders, including cryptocurrency startup operator Richard Lee, are awaiting the outcome of the hearing to determine how they’ll be able to keep trading if the plug is pulled on the prediction market, which has been in operation since it was founded in 2018, but came to prominence last year when it began offering markets on the outcome of sporting events.
Nevada gaming regulators identified Kalshi’s operation as a form of sports wagering and took action to shut it down. But Kalshi has fought back and challenged every move regulators made. The Control Board’s newest strategy was to take their legal challenges to state court instead of federal court where they found judges to be more attuned to state gaming laws.
Kalshi has tried to wage the fight in U.S. District Court, but lost an appeal in the Ninth Circuit Court that ordered the case to Carson City District Court.
Lee, who enjoys betting on NFL football and has placed bets in sportsbooks on NFL games, prefers the way Kalshi takes action.
“I find the prediction market ecosystem much healthier,” Lee said in a telephone interview. “Sportsbooks only want the losers, right? They essentially find a way to ban the winners, and then they’re the house. With Kalshi, it’s a much more fair ecosystem where they just take a transaction fee on each trade.”
Lee said he got good enough at sports wagering with sportsbooks that they began limiting his wagers. He switched over to Kalshi and has been trading there ever since, generating income in six figures, he said.
He studied economics in college and said he’s comfortable with federal regulation of the market. He views companies like Kalshi as a market disrupter, similar to the way Uber took share from taxi companies in the late 2000s.
“It obviously was a strategic decision to be regulated federally to allow themselves to enter markets in all 50 states,” Lee said.
It’s unclear what Kalshi will do if it loses in court on Friday since other states, including Massachusetts, have adopted Nevada’s strategy and refiled their cases in state courts.
Some analysts have said they expect Kalshi to appeal its cases to the U.S. Supreme Court if it continues to lose.
Lee gets it that states are unhappy with prediction markets because they don’t pay any state gaming taxes on the revenue they generate like traditional sports books.
The American Gaming Association and other gaming industry advocates also say there are fewer safeguards against underage gambling and fewer programs addressing problem gambling in prediction markets.
Kalshi and other prediction market platforms say the fact they are regulated by the federal Commodity Futures Trading Commission allows them to operate in all 50 states and aren’t subject to state gaming laws.
LV REVIEW JOURNAL SUBSCRIPTION
4/1/26
A Las Vegas man who has traded in prediction markets for years will be paying close attention to a Carson City court hearing Friday to see if he’ll have to devise a workaround if Kalshi is banned from operating in the state.
The Nevada Gaming Control Board is seeking an injunction against Kalshi which the state says is offering sports betting illegally through its prediction market platform. Carson City District Court Judge Jason Woodbury on March 20 issued a temporary restraining order against New York-based Kalshi and set the injunction hearing for Friday.
Kalshi traders, including cryptocurrency startup operator Richard Lee, are awaiting the outcome of the hearing to determine how they’ll be able to keep trading if the plug is pulled on the prediction market, which has been in operation since it was founded in 2018, but came to prominence last year when it began offering markets on the outcome of sporting events.
Nevada gaming regulators identified Kalshi’s operation as a form of sports wagering and took action to shut it down. But Kalshi has fought back and challenged every move regulators made. The Control Board’s newest strategy was to take their legal challenges to state court instead of federal court where they found judges to be more attuned to state gaming laws.
Kalshi has tried to wage the fight in U.S. District Court, but lost an appeal in the Ninth Circuit Court that ordered the case to Carson City District Court.
Lee, who enjoys betting on NFL football and has placed bets in sportsbooks on NFL games, prefers the way Kalshi takes action.
“I find the prediction market ecosystem much healthier,” Lee said in a telephone interview. “Sportsbooks only want the losers, right? They essentially find a way to ban the winners, and then they’re the house. With Kalshi, it’s a much more fair ecosystem where they just take a transaction fee on each trade.”
Lee said he got good enough at sports wagering with sportsbooks that they began limiting his wagers. He switched over to Kalshi and has been trading there ever since, generating income in six figures, he said.
He studied economics in college and said he’s comfortable with federal regulation of the market. He views companies like Kalshi as a market disrupter, similar to the way Uber took share from taxi companies in the late 2000s.
“It obviously was a strategic decision to be regulated federally to allow themselves to enter markets in all 50 states,” Lee said.
It’s unclear what Kalshi will do if it loses in court on Friday since other states, including Massachusetts, have adopted Nevada’s strategy and refiled their cases in state courts.
Some analysts have said they expect Kalshi to appeal its cases to the U.S. Supreme Court if it continues to lose.
Lee gets it that states are unhappy with prediction markets because they don’t pay any state gaming taxes on the revenue they generate like traditional sports books.
The American Gaming Association and other gaming industry advocates also say there are fewer safeguards against underage gambling and fewer programs addressing problem gambling in prediction markets.
Kalshi and other prediction market platforms say the fact they are regulated by the federal Commodity Futures Trading Commission allows them to operate in all 50 states and aren’t subject to state gaming laws.
Imagine having the USA and its gambling addicted morons by the balls - and they have no choice but to come to you if they want to legally do business. Then imagine someone comes in and manages to steal 80%+ of your business overnight while your stuck trying to figure out how to stop the bleeding.
The apps did it to Vegas - now exchanges doing it to apps.
Banning it in Nevada - what’s that going to protect ? The casinos that look like a Sears store in a mall circa 2015? No one cares now - they have already left Las Vegas.
The exchanges will eventually fall and it will return to one big duopoly with a couple of casino names offering the MGM/Caesars Draftkings sports exchange in 2032. Till then they will bear each other senseless fighting for turf.
The apps did it to Vegas - now exchanges doing it to apps.
Banning it in Nevada - what’s that going to protect ? The casinos that look like a Sears store in a mall circa 2015? No one cares now - they have already left Las Vegas.
The exchanges will eventually fall and it will return to one big duopoly with a couple of casino names offering the MGM/Caesars Draftkings sports exchange in 2032. Till then they will bear each other senseless fighting for turf.
Hopefully not.
The Supreme Court already ruled you can't have a national ban.
California courts ruled with the exchanges. If they change a law there will be suits.
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