Bobby Allen
👤 SpeakerVoice Profile Active
This person's voice can be automatically recognized across podcast episodes using AI voice matching.
Appearances Over Time
Podcast Appearances
The Commodity Futures Trading Commission has taken the rare step of launching lawsuits against three states.
It argues sites like Kaoshi and Polymarket should not be regulated as gambling businesses.
The question of whether prediction market sites are gambling or what's known as a futures contract has set off more than two dozen lawsuits pitting state gaming officials against the Trump administration.
It's the latest legal development over an issue expected to go all the way to the Supreme Court.
Lawmakers in Washington have been expressing alarm over the sites where people can bet thousands of dollars on military strikes in Iran, the extent of famine in Gaza, and what Trump official will leave the White House next.
is an advisor to both Cauchy and Polymarket.
The Commodity Futures Trading Commission has taken the rare step of launching lawsuits against three states.
It argues sites like Kalshi and Polymarket should not be regulated as gambling businesses.
The question of whether prediction market sites are gambling or what's known as a futures contract has set off more than two dozen lawsuits pitting state gaming officials against the Trump administration.
It's the latest legal development over an issue expected to go all the way to the Supreme Court.
Lawmakers in Washington have been expressing alarm over the sites where people can bet thousands of dollars on military strikes in Iran, the extent of famine in Gaza, and what Trump official will leave the White House next.
is an advisor to both Cauchy and Polymarket.
Polymarket bettors earned hundreds of thousands of dollars on the timing of military strikes in Iran and when Venezuelan leader Nicolas Maduro was captured.
Now, prosecutors in the Southern District of New York are investigating the trades.
Both Polymarket and its main competitor, Cauchy, say they ban insider trading, but policing is largely left up to the platforms themselves.