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re: LA AG gets restraining order over "Prediction Markets"
Posted on 11/12/26 at 8:26 pm to SlowFlowPro
Posted on 11/12/26 at 8:26 pm to SlowFlowPro
Posted on 11/12/26 at 8:38 pm to SlowFlowPro
Well, that didn't take long.
"Update to event contracts in Louisiana
Hi, a court order in Louisiana impacts our ability to offer event contracts in that state. Louisiana customers will no longer be able to open new positions in any event contracts on Robinhood, effective November 12, 2026.
We appreciate your understanding in this matter and we’ll keep you updated if anything changes.
– The Robinhood team"
"Update to event contracts in Louisiana
Hi, a court order in Louisiana impacts our ability to offer event contracts in that state. Louisiana customers will no longer be able to open new positions in any event contracts on Robinhood, effective November 12, 2026.
We appreciate your understanding in this matter and we’ll keep you updated if anything changes.
– The Robinhood team"
Posted on 11/12/26 at 8:43 pm to Bunk Moreland
Boss Baby Barnes is a retard and this take is terrible.
Prediction markets and legalized sports betting has been objectively bad for society.
Prediction markets and legalized sports betting has been objectively bad for society.
Posted on 11/12/26 at 8:43 pm to SlowFlowPro
quote:
Casinos have apps, too
Neat. Ban those too.
Posted on 11/12/26 at 8:56 pm to SlowFlowPro
Don't know anything about this ourt case, but holy shite, every damn ad on YouTube is Kalshi or Polymarket or some digital "pack ripping" gambling bullshite that I have no interest in. I have even told youtube to stop showing me those ads and they still bombard me everything time I am on there. Never placed a bet with any online gambling site/prediction market.
The shite is incredibly annoying.
The shite is incredibly annoying.
This post was edited on 11/12/26 at 8:57 pm
Posted on 11/12/26 at 9:06 pm to Joshjrn
quote:
From a philosophical perspective, I don’t think we should be regulating any of this.
However, from a pragmatic perspective, if we are going to regulate gambling, can someone explain to me how “prediction markets” are sufficiently different from “gambling” such that it should escape similar regulation?
I would say the distinction would be between a "game" like poker or baseball and "real life events" where occurrences carry irreversible weight, genuine moral stakes and existential outcomes.
From a pragmatic perspective it is not even easy to keep gambling from "cheating" and influencing where the stakes are contrived in games.
It could be argued that gambling financial interests to be turned toward to manipulating real world events would be a clear net negative for society.
I'm not trying to argue one side or the other just saying that would be a logical place to draw a distinction.
Posted on 11/12/26 at 9:16 pm to HagaDaga
quote:
These things need to be stopped. They are manipulating elections. People are going to vote based on what they bet on and it's not in the nature of our elections.
Is that the new excuse for the blue wave?
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