Minnesota Law Banning Prediction Markets Creates Victimless Crime
Source ↗
👁 0
💬 0
Last October, Minnesota state Sen. Matt Klein (D–Mendota Heights) wagered $50 on the prediction market Kalshi that he would win his congressional primary this August. After Kalshi flagged the bet, Klein was fined $539.85 and received a five-year suspension from the platform in April.
While he tried to frame his experience as similar to that of "many other Minnesotans," there should have been no ambiguity to Klein that his actions ran afoul of Kalshi's rules and federal regulations against insid
While he tried to frame his experience as similar to that of "many other Minnesotans," there should have been no ambiguity to Klein that his actions ran afoul of Kalshi's rules and federal regulations against insid
Comments (0)