“It’s honestly been eye opening (in a bad way) to see how special interests work in our system” says the Head of Politics at Kalshi, which pays Donald Trump Jr. to sit on its advisory board and has spent over a million in lobbying over the past ~year. The government has just filed a lawsuit to intervene to protect Kalshi from several state regulators.

#Kalshi

He’s unfortunately not wrong that casinos and sportsbooks have been among prediction markets’ strongest opponents — largely because consumer protection agencies have been gutted and market integrity regulators turned into advocates.
@molly0xfff Given the unique status of the orange stain as someone who lost money owning a casino, it stands to reason that this and insider trading are the means his crowd has chosen to institutionalise plunder.
@phil_stevens @molly0xfff while "he lost money with a casino" is a funny story, they money wasn't lost. It just wasn't in the casino where the casino could pay its bills.
@dave @molly0xfff As in the money wasn't lost, just misplaced?
@phil_stevens @molly0xfff not even misplaced. Placed in Trump's pocket.