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Originally Posted by BaltimoreSkins
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Launched in 2021, Kalshi, which counts Sequoia Capital, Charles Schwab’s eponymous founder and private equity legend Henry Kravis among its investors, frames its eclectic array of markets as a new wave of hedging tools, no matter how unusual they may seem.
Think of a local restaurant, for instance. The owners, perhaps concerned about facing another pandemic-induced shutdown, could use Kalshi’s Covid-19 contracts to hedge against the possible loss in business. Its push into political markets is no different, CEO Tarek Mansour said.
“Everyday Americans are always exposed to election risks,” Mansour said, citing tax policy as an example of how Congress’ makeup hits investors big and small. “We are trying to bring these tools to the masses. You’re basically financially hedging a variety of different things in your life instead of just sitting down and thinking, ‘OK, this is just going to make my next four years worse.’”
Questions about the extent to which Kalshi’s contracts can be used as a hedge will be front and center for the CFTC as it weighs the proposal.
The regulator is specifically looking at two key issues, Willkie Farr & Gallagher partner Neal Kumar said. The first is whether the products involve a form of gaming, a classification of event contracts that is prohibited under CFTC rules along with the other types of unlawful activity.
The second is, if the contracts are determined to reference gaming, is there an economic purpose behind them such as providing a way for investors to hedge risk, Kumar said.
It’s a similar calculus that the regulator took a decade ago when reviewing Nadex’s political event contracts, which it determined were both a form of gaming and not in the public interest. But plenty has changed in 10 years.
^^ this is from the article ... I have very little idea what this means.
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Florida live tracking license plates through toll booths ... I assume every state/toll both does this. You dont have a REP reason expectation of privacy when you are out and about in your car. If i can stand on a public place and observe something .. you dont have a REP.
Same as a cop behind you running your tags at a red light or traffic enforcement cars with those side cameras scanning parked cars in every city in america.
this is a good thing. car jackers, child abductors, criminals etc locations can be alerted to police
One thought -- what if you cant pay toll by cash and the State FORCES you to enroll in their toll booth electronic payment plan?
^^ that may be something. Kinda like forced State action. I think and would hope the SCOTUS would say you have to have a reasonable alternative option then just enrolling in a state program.
If Florida or Texas does this .. the SCOTUS will say its fine.
If California does this ... SCOTUS will suddenly be 4A rah rah rah
fuck the SCOTUS