Posted by ortusdux 10 hours ago
If you work at one of these companies it's the same as working for a payday loan company. You are making blood money.
Well, which is it? Was net neutrality a state or federal issue? The answer is it's, as always, a Schrodinger's STate's rights issue. That is, it's a "state's rights" issue when it suits them, a federal issue when it suits them and it's neither when it suits them. Lack of any kind of regulation is the goal. This isn't some libertarian pipe dream. It's just naked pro-company and pro-billionaire gutting of government to boost profits.
Fast forward to prediction markets. The CFTC regulates this (arguably). Another deregulation hack is in charge. And again, states like Minnesota who already ban sports betting are being sued. "State's rights" btw. We're seeing the exact same pattern.
This on the same day that the president who sued the IRS, which was defended by the president's DoJ and the recess appointee Attorney-General settled a $10 billion lawsuit right as a federal judge tosses it because the case lacked adversity [2].
Besides the J6 slush fund, part of this settlement is that the IRS is barred from ever investigating Trump, his family or the Trump Organization for tax fraud.
The level of corruption and kleptocracy here is beyond belief and what's really frightening is that a good 35-40% of the population not only don't care but actively support something they will never benefit from and there hasn't been (and won't be) any political price paid for any of it. The president's endorsement still carries weight and just today, we've had the most expensive Congressional primary in history (~$35 million) where Trump unseated a sitting Congressmen for daring to push for releasing the Epstein files.
[1]: https://www.justice.gov/archives/opa/pr/justice-department-f...
[2]: https://www.msn.com/en-us/news/insight/trump-eyes-1-776b-irs...
[3]: https://www.washingtonpost.com/national-security/2026/05/19/...
"horse racing, a card club at Canterbury Park, Indian tribal casinos, charitable gambling, and a state lottery."
Indian tribal casinos are only legal because they are in a separate country as far as the state is concerned. (they don't bother, but each reservation has a good case to join the UN if they wanted to)
A case for it, maybe, but I think the way you've worded this is a bit of an exaggeration. As you said, they're separate as far as the state is concerned, in some respects (even that's somewhat case-by-case and debatable). Comparatively, it's much more generally recognized that federal law does apply to tribes. The US calls tribes "domestic dependent nations," which is short of independent sovereignty, and the UN would generally only admit members who are recognized as independent and sovereign. Native American tribes are "separate countries" like states are separate countries-- in principle, kind of, but in practice, not really anymore. Individual states can work with UN bodies on projects (like California recently joining the UN health network), but they can't be admitted as members.
All of that said, gambling is, of course, a very well-known thing that's allowed to happen on tribal lands.
/s
They're not banning prediction markets from out-of-state, they're banning it entirely. A state cannot ban out-of-state alcohol, but it can ban alcohol outright if it wanted to.
Does anyone think that Minnesotans who are out of MN at the time of their bet will be allowed to bet? I don't think they'll be allowed, but they should be.
But that's highly contingent on that thing being something people are willing to violate the law over, and on the convenience of that thing not being significantly impacted by prohibition. Neither of which are true for prediction betting (it's almost identical to sports betting in that regard, imo.) The only reason these markets proliferate is precisely because they are legal.