Christopher Dalli

@HWDRich47 @mansourtarek_ Probably doesn't help that the federal government is trying to push that it is anything but gambling

@SinnettCam87346 @mansourtarek_ You should not be gambling if $750 is a lot of money to lose. Don’t get sucked in by all this X slop about people who make hundreds of thousands betting on Kalshi/Polymarket. What they don’t show is all the people like you who lost a thousand bucks they couldn’t afford to lose

On Khamenei: We don’t list markets directly tied to death. When there are markets where potential outcomes involve death, we design the rules to prevent people from profiting from death. That is what we did here. I know some of you disagree and prefer that we list these markets without a death carveout because it keeps the rules simple and because many traditional markets, like oil futures, can be proxy markets for war and death. But we believe that’s different than having a market directly settling on someone’s death, which is not allowed for US regulated entities. What’s the point of the market, then? A market on Ali Khamenei out as Supreme Leader was important because leadership changes in Iran have major impact on the world order: • geopolitical implications • economic consequences • national security considerations • oil and commodity prices, many of which move based on news and expectations around this outcome And it’s always possible for a ruler to step down or transition power without death, even in autocracies. It just happened in Venezuela. In these instances, we make the caveat clear in the rules and in the market page, but today is a good learning that we can do more in terms of improving the UX and adding more ways to surface the rules. We are committed to improving. In the meantime, here’s what we’re going to do: • We are reimbursing all fees from this market • If you have a position from before Khamenei died, you will be paid out on the last-traded price before his death. (This was clear in our rules) • If you have a position from after he died, we’re going to fully reimburse your cost of entry

@ChairmanSelig @CFTC Translates to: very capable legal teams have instructed us and Prediction Market operators to take some form of action to bolster argument that they are actually regulators and therefore different laws apply to them. All this to pretend this is not gambling (it clearly is btw)

Our exchanges are the @CFTC’s first line of defense in policing insider trading in prediction markets. I'm pleased to see that our exchanges are adhering to their oversight responsibilities as self-regulated organizations and our Enforcement Advisory today reflects that. Let me be clear: if you attempt to engage in manipulation, fraud, or insider trading, we will find you and take action.

@JustinCLeto @Kalshi @CNBC While I agree with you, I thought he did a fantastic job of remaining calm despite not being allowed to finish a sentence

CEO of @Kalshi is woefully unprepared for this @CNBC interview regarding what is and isn’t material non-public info. Great work by the team in CNBC for pointing out the flaws in sites like Kalahi. It seems the CEO wants to completely change what is considered insider trading to suit his platform. But that’s not how it works.

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As of yesterday, @Kalshi had a job posting that listed "extensive experience with sportsbooks" as a requirement. After my @Sportico colleague @dan_bernstein_ pointed it out, the posting was amended to remove multiple references to "sportsbooks"... sportico.com/business/sport…

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@AcademyScoop All sorts of crazy :)

@AcademyScoop I understand what you mean but shouldn't it be that the right manager brings the best out of the players rather than the right players justify the existence of the manager. I'm optimistic based on the Arsenal game and the first 15 mins but not a fan of the very direct football

As others have said, results will dictate whether or not Amorim stays in a job - that’s out of our control, so I’m not going to engage in debates. I’m just happy we are starting to fill the squad with top players so that whoever the manager is, we SHOULD be competitive.

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