These betting marketplaces that take any proposition are either dealing in gambling or futures and derivatives trading. So if they don't fall under gambling laws and regulations, they can deal with the SEC digging into their businesses instead. They might want to pick their battles.

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yieldcrv 3 days ago | parent [-]

CFTC, which isn’t as heavy handed as the SEC even under democrats

SEC is down for whatever right now too by the way

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Analemma_ 3 days ago | parent [-]

> CFTC, which isn’t as heavy handed as the SEC even under democrats

In ordinary times when the CFTC is just regulating things like pork belly futures, sure. But crypto and sports gambling are extremely politicized and red-coded now; Kalshi shouldn't expect the same sleepy regulation for them as for ordinary commodities.

Honestly I don't see their endgame. Even if they win these cases in court and fall under CFTC jurisdiction, that only matters if they have friendlies in the White House and the next administration will have knives out for them.

	▲	joshheitzman 3 days ago \| parent \| next [-]
		There is a bitcoin futures contract on the CME and its been there since 2017. https://www.cmegroup.com/markets/cryptocurrencies/bitcoin/bi... https://www.fxcm.com/markets/insights/bitcoin-futures-produc...
	▲	yieldcrv 3 days ago \| parent \| prev [-]
		do business as long as possible and adapt to the next strongman, like in every other country? nobody in business cares that the people are married to “due process” to respect the edicts, versus some other governance structure. just delay and adapt is the whole game. the corporation is a conduit to flow revenue to board, executives and functionally shareholders (but dividends are now uncommon). The corporation can become a husk if it fails to adapt and that wont be the current people’s problem if they have extracted substantial wealth out before then