Comment Re: Trading on Knowable Information (Score 2) 80
Why are we bothering to regulate something that can't be reasonably practically regulated? Open betting on anything and everything, but people need to have been sufficiently uninformed to have made the bet "fair"?
It's like banning knowing what you're talking about. We do it for businesses because there are fundamental economic mechanics that come from collectivized investment and market price discovery, and the fairness of information release has legally prescribed mechanics (e.g., quarterly reports).
What utility does Kalshi provide to the economy? What's the social and/or economic value? What are the fair mechanics for information availability?