James’ office described Kalshi’s event contracts as bets and said the platform takes wagers on professional and college sports, elections and culture. The lawsuit alleges Kalshi allows users aged 18 to 20 to wager and lists markets involving New York college teams, both prohibited for licensed sportsbooks in the state.“New York’s gambling ⁠laws protect children from underage betting and help combat gambling addiction,” James said in the statement. “No matter what they call themselves, prediction markets like ​Kalshi are gambling platforms, plain and simple.”The World Cup helped boost Kalshi’s numbers, adding 3 million during the course of the tournament, according…

from the double-dog-dare dept I will admit it’s always a special kind of fun when a topic we cover here at Techdirt gets the John Oliver treatment. He and his writing team generally gets things right, which helps. And I’m not saying that Oliver and his crew are definitely Techdirt readers, but, well, hi John and crew! Readers here will recall that I’ve spent the last year or so pointing out that famed gas station and/or supermarket chain, Buc-ee’s, has become the trademark bullying Monster Energy of gas stations. This is a company that doesn’t seem to understand what parody…

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