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return2ozma@lemmy.world to Not The Onion@lemmy.worldEnglish · 4 days ago

Man who lost $308,000 on sports bets sues Kalshi for offering illegal gambling

arstechnica.com

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Man who lost $308,000 on sports bets sues Kalshi for offering illegal gambling

arstechnica.com

return2ozma@lemmy.world to Not The Onion@lemmy.worldEnglish · 4 days ago
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Lawsuit demands Kalshi return losses because online betting is illegal in Washington.
  • HugeNerd@lemmy.ca
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    4 days ago

    Where is gambling illegal? Indonesia?

    “They’re trying to convince people that they can beat the odds”

    Where is anyone doing that?

    “and become rich.”

    So do universities and stock brokers.

    • Ghostalmedia@lemmy.world
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      4 days ago

      Lots of places either don’t have legal sports betting, or have regulations around what you can and can’t legally bet on.

      For the Americans here, some of the biggest states don’t allow sports betting. California, Texas, etc.

      20 years ago, sports betting was illegal in most of the US. Now only 11 states remain. The sport book and “prediction market” companies have been lobbying HARD to legalize sports betting across the country.

      • scoobford@piefed.blahaj.zone
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        4 days ago

        Sports betting is illegal in Texas? That’s news to me, there’s billboards everywhere and constant radio ads for draft kings and chumba.

        • BehindetheClouds@reddthat.com
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          4 days ago

          They didn’t say ads where illegal.

        • Ghostalmedia@lemmy.world
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          4 days ago

          https://sports.yahoo.com/articles/sports-betting-isnt-legal-texas-110000327.html

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