It was never more virtuous to be options-trading GME shares on Robinhood than gambling at the dog track or betting on basketball games. The only reason some regulators are going after Kalshi or Polymarket is that the casino owners are lining these particular politicians' pockets more than the futures trading companies are.

I actually am not opinionated on it other than all kinds of gambling are basically the same -- and that includes a lot of the ways stock market is used in practice.

I do admit gambling addiction is a real thing and that this new super convenient and easy and legal option incrementally brings more people into that world of pain. But I also think it's stupid to ban gambling like they did with alcohol in the last century. It'll just put more control in the hands of the mob.

The mob. There's an organization that I bet is also eagerly lining the pockets of these "kill Kalshi" regulators.