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New York sues Kalshi, says prediction market is running 'illegal gambling operation' (www.cnbc.com)

submitted 3 days ago by remington@beehaw.org to c/usnews@beehaw.org

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[–] 4am@lemmy.zip 1 points 3 days ago

Too late these companies already made someone millions of dollars in liquidity as they used their insider information to fleece the rubes and they’ve already fucked off with the funds

Just like crypto the jig is up and it will come crashing down, but now some billionaire is x% further to turning his wealth from net worth to liquidity.