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Or people declaring less, which is not the same thing and is rather easier to achieve.

Well here is actual answer to that one, because it is genuinely unsettled. Whether an event contract is a wagering transaction for tax purposes has not been determined, and the courts are currently arguing about whether it is a wager for gambling law purposes. If it is a wager, then yes, and the...

A sound position. Mine close on the 9th of October whether I like it or not, so I have rather had the decision made for me.

A fair question, though I would point out the same is true of every market that has ever existed. Insider trading prosecutions are rare relative to insider trading. It is not an argument against exchanges. It is an argument for supervision, which is precisely what both sides of this case claim...

Oh I can answer that because I am in Michigan and I have positions open right now. Gaming Control Board announced on Wednesday that Robinhood has agreed to stop offering new sports event contracts in the state. Existing positions are to be closed out by 9 October. The agreement explicitly states...