Alfonso Straffon 🇨🇷🇺🇸🇲🇽

90 minutes left to attempt generational wealth. The odds are not zero. And it's free. You owe it to your grandchildren.

New AIBM/Ipsos polling finds that 61% of Americans see prediction markets as more like gambling than investing.

The rule of law applies to everyone - including state governments. The Arizona Attorney General’s charges are baseless and a clear overreach. It’s gamesmanship from a politician who’s up for reelection. The charges claim that putting money on “a contingent future event or occurrence” is illegal. If they can bring these criminal charges against Kalshi, they could do the same to traditional derivatives on CME and Nasdaq, from options trading, to interest rate swaps and grain futures. This is exactly why federal law is not optional: states cannot override it for political maneuvers or special interests. We filed suit in federal court against Arizona last week to address this directly. Instead of letting the federal court evaluate the case on the merits, the AG is attempting to subvert the appropriate judicial process by making an end run with sham charges in state court. If this were about consumer protection, the state would focus on predatory practices of the gambling industry’s addiction-driven business model. Instead, a regulated exchange is being targeted to protect incumbents and prevent consumers from choosing. But we have close to 400k customers in Arizona, about 5% of the state’s population and growing, and we will fight for them. We will not be intimidated and we will keep building.