AKA *gambling sites* that want to be called something other than gambling sites for optics and tax reasons.
Historical_Bend_2629 on
Good for them. Something that also could be banned from states with bipartisan legislation is gambling (usually sports betting) from a phone. Ruining people to make money for a few.
TimothyMimeslayer on
Kalshi is stupid, the stock market is regulated by the SEC, are they demanding that prediction markets get similar regulation and the taxes to pay for it?
AnEducatedSimpleton on
Minnesota can do what it wants, but a ban on predictions markets/online betting will only be effective if done at the federal level.
Adventurous-Tone-311 on
GOOD.
So tired of these stupid sites being thrown at me. You can’t watch any sports or half of TV without having to hear these dumb ads.
E1M1_DOOM on
You mean gambling?
thehod81 on
Prediction markets should be barred from certain bets due to national security concerns
ireaditonwikipedia on
Gambling is an absolute bane. The sooner this predatory shit gets banned the better.
Eleven_inc on
This includes sports betting then?
undermind84 on
There should be a federal ban.
Calm_Ad1460 on
I wonder if anyone predicted they would do that.
mowotlarx on
It’s hard to fathom that in just a few years we have allowed and normalized public betting on *election outcomes* from local to federal races. It’s unbelievable.
Financial-Desk-669 on
Who could have predicted this?!
AtomicBlastCandy on
As someone with a father that used to be addicted to gambling I hate how fucking prevalent ads are. I’ve told my mom to check his phone every once in a while to see if he’s downloaded any apps for it as he’s stayed away from casinos for years and we don’t want him to backslide.
ThaPhantom07 on
Minnesota stays being on the correct side of most things.
jasonp55 on
I want to get ahead of a confusing line in the article that makes it sound like Minnesota also banned VPNs. That’s not what the line means, it just means that the law says it is illegal to use a VPN to try and get around the law. This is already the case in Minnesota for using VPNs to try and circumvent other laws related to gambling. This law isn’t a threat to the existence of VPNs.
nuttageyo on
Is it not banned in Maryland?
Sir-Bruncvik on
I’ve never understood prediction markets. You can trade on what you THINK is going to happen? How is that anything of value? Maybe I’m just stupid, but I don’t get it 🤷🏻♂️
ottoIovechild on
“I’ll bet my life savings x will happen.”
**If you want something done right, do it yourself.**
I look forward to further legislation.
VonSkullenheim on
This should have never been legal in the first place. They already make you use crypto to fund bets cause they know its dicey/illegal to use actual dollars/banks/CC/etc.
Deceptiveideas on
Legalizing the ads honestly did a lot of damage. Seems like you can’t go 5 seconds without someone promising you to make thousands right from your phone.
Usual-Caregiver5589 on
Man I wonder what the odds are that this gets overturned by a Trump appointed judge.
Blueopus2 on
Common Minnesota W
waterbuffahoe on
Good
chernobylking1986 on
Minnesota is the new California
Constant-Brief3410 on
That should be a top priority to regulate it next administration
livvybugg on
Good!!
ZEROs0000 on
Common Minnesota W
ToolTimeT on
But I thought thats were 99.999999 percent of fraud in usa was?
and the rest is in california JD said.
4011isbananas on
Who could’ve seen that coming?
Vanzmelo on
Need my state to do this next
Dude-vinci on
This article is commuting journalistic malpractice by neglecting to mention that Donald Trump Jr is heavily invested in Polymarket and is a strategic advisor for Kalshi which establishes a clear conflict of interest for the Trump Regime/CFTC.
You might roll your eyes and say why does it matter, it’s all corrupt? But highlighting every instance of corruption is important for reminding everyday people that Donald Trump, the Trump Family, and the Republican Party are literally stealing from every day Americans every second of the day while American’s cost of living skyrockets.
NotAChanceBucko on
It’s gambling . insider trading . Scamming. All are interchangeable with prediction markets
DT-Sodium on
$10 on Trump sending ICE or the army to punish those “radical left lunatics”.
AquiliferX on
Good. This is the kind of thing that can unravel our society
Leedeegan1 on
Good. Gambling on elections and real world events is a terrible idea. Too much potential for corruption.
38 Comments
>~~prediction markets~~
AKA *gambling sites* that want to be called something other than gambling sites for optics and tax reasons.
Good for them. Something that also could be banned from states with bipartisan legislation is gambling (usually sports betting) from a phone. Ruining people to make money for a few.
Kalshi is stupid, the stock market is regulated by the SEC, are they demanding that prediction markets get similar regulation and the taxes to pay for it?
Minnesota can do what it wants, but a ban on predictions markets/online betting will only be effective if done at the federal level.
GOOD.
So tired of these stupid sites being thrown at me. You can’t watch any sports or half of TV without having to hear these dumb ads.
You mean gambling?
Prediction markets should be barred from certain bets due to national security concerns
Gambling is an absolute bane. The sooner this predatory shit gets banned the better.
This includes sports betting then?
There should be a federal ban.
I wonder if anyone predicted they would do that.
It’s hard to fathom that in just a few years we have allowed and normalized public betting on *election outcomes* from local to federal races. It’s unbelievable.
Who could have predicted this?!
As someone with a father that used to be addicted to gambling I hate how fucking prevalent ads are. I’ve told my mom to check his phone every once in a while to see if he’s downloaded any apps for it as he’s stayed away from casinos for years and we don’t want him to backslide.
Minnesota stays being on the correct side of most things.
I want to get ahead of a confusing line in the article that makes it sound like Minnesota also banned VPNs. That’s not what the line means, it just means that the law says it is illegal to use a VPN to try and get around the law. This is already the case in Minnesota for using VPNs to try and circumvent other laws related to gambling. This law isn’t a threat to the existence of VPNs.
Is it not banned in Maryland?
I’ve never understood prediction markets. You can trade on what you THINK is going to happen? How is that anything of value? Maybe I’m just stupid, but I don’t get it 🤷🏻♂️
“I’ll bet my life savings x will happen.”
**If you want something done right, do it yourself.**
I look forward to further legislation.
This should have never been legal in the first place. They already make you use crypto to fund bets cause they know its dicey/illegal to use actual dollars/banks/CC/etc.
Legalizing the ads honestly did a lot of damage. Seems like you can’t go 5 seconds without someone promising you to make thousands right from your phone.
Man I wonder what the odds are that this gets overturned by a Trump appointed judge.
Common Minnesota W
Good
Minnesota is the new California
That should be a top priority to regulate it next administration
Good!!
Common Minnesota W
But I thought thats were 99.999999 percent of fraud in usa was?
and the rest is in california JD said.
Who could’ve seen that coming?
Need my state to do this next
This article is commuting journalistic malpractice by neglecting to mention that Donald Trump Jr is heavily invested in Polymarket and is a strategic advisor for Kalshi which establishes a clear conflict of interest for the Trump Regime/CFTC.
You might roll your eyes and say why does it matter, it’s all corrupt? But highlighting every instance of corruption is important for reminding everyday people that Donald Trump, the Trump Family, and the Republican Party are literally stealing from every day Americans every second of the day while American’s cost of living skyrockets.
It’s gambling . insider trading . Scamming. All are interchangeable with prediction markets
$10 on Trump sending ICE or the army to punish those “radical left lunatics”.
Good. This is the kind of thing that can unravel our society
Good. Gambling on elections and real world events is a terrible idea. Too much potential for corruption.
Hell yeah.
Good luck enforcing that (VPNs yo).