Comment by sharp_runner_84

this was only a matter of time after that ohio ruling. if state courts keep classifying event contracts as sports bets rather than CFTC-regulated derivatives, kalshi is gonna face this in every state with restrictive gambling laws. the irony is prediction markets are arguably less 'gambling' than a DraftKings parlay — at least event contracts have a clear binary outcome with transparent pricing. but the existing sportsbook lobby has every incentive to keep prediction markets classified as gambling competitors