Somewhere between 70 and 90% of Kalshi event contracts are sports betting. This is obviously gambling.

Much of the remainder is silly stuff like 'how many times will Elon Musk tweet this week' with no predictive value. Again, gambling.

Ironically they've banned a bunch of the genuinely predictive stuff like 'will this town in Ukraine be attacked this week' on public policy grounds.

While your analogy is valid, I find it hard to get upset at people who flout an artificially imposed limit to a license to engage in employment.

I'm aware the vehicles and drivers were at first highly unvetted, but the moral impulse that's got everyone so up in arms about prediction markets isn't remotely the same as Uber smashing through antiquated monopolies that existed more by historical accident than any unavoidable public safety need.

And DraftKings/FanDuel

I think the limitation to team "let-people-do-what-they-want-even-if-it's-bad-for-them" is that it's rooted in outdated assumptions about what free will and coercion look like. Broadly speaking, libertarian notions of negative freedom assume a model of coercion with a very small footprint, primarily the threat of immanent physical violence. Similarly, it sees the exercise of free will as a binary action, rather than a spectrum of ability.

We entered this era a long time ago, where psychological insight and computational or chemical power can combine to override people's ability to make free choices. But I'm still not sure there is a widely shared philosophical or ideological framework that has fully digested and responded to these new realities yet.

If I ever see that, I'll tell the dad something

Right, but as exploitive as those things are, they're still regulated and taxed as gambling. The regs may be a joke, but they exist. Like in some places they're required to remind the player about addiction concerns and direct them to help for it, and to fund those programs. And part of the reason that states (and provinces here in Canada) were so gung-ho on the liberalization of gambling is that they take a fat cut.

aside: recreational gambling should require a federal ID with losses tracked online, and if you're down more than 10% of last year's after-tax income you're cut off for the rest of the year, but I assume the Canadian and especially US constitutions rules against doing good things federally make that impossible.

I would also like to take a moment to evangelize against the notion that all politicians are crooks.

Some politicians are crooks. They should be voted out, investigated, prosecuted and publicly scorned.

"Everyone cheats" is something cheaters say to (a) feel better about themselves and (b) try to get other people to ignore their cheating when they get caught. Don't believe their lies. Most people don't cheat.

In studies of cooperative behavior, most people choose to cooperate, and the key predictor of whether someone will cooperate is whether they believe other people will choose to cooperate. Cynicism is permission to defect.

Defectors must be punished.

Sure lets act like Democrats are innocent little victims in all of this

I think it was kind of a chain reaction... gambling liberalization and bitcoin happened around the same time, and then people figured out "Oh this thing we do with buying bitcoin and then talking everybody else into buying bitcoin... we can just do that with regular securities can't we" and then the hyper-valuation of Tesla and Gamestop happened.

Now everything is either gambling or a scam or both.