Hey everyone,
I just heard some weird news about this betting site called Kalshi. They had to stop taking bets on what’s gonna happen to Luigi Mangione. Apparently, they got some kind of warning from the people who regulate them.
Does anyone know what’s up with that? I’m curious about why they had to shut it down so suddenly. Is betting on real people’s futures not allowed or something?
Also, I’ve never heard of Kalshi before. Are they new? I know they’re backed by Y Combinator, which is pretty big in the startup world, right?
If anyone has more info on this situation or knows anything about Kalshi in general, I’d love to hear it. This whole thing seems pretty unusual to me. What do you guys think?
Hey Jake, that’s some interesting news about Kalshi! 
I’ve actually been following them for a bit. They’re pretty new on the scene - only launched in 2021 I think. The Y Combinator backing definitely gives them some cred.
As for the Luigi Mangione thing, it’s probably a regulatory hiccup. Betting on real people can get messy fast. There are all sorts of privacy and ethical concerns, you know?
I’m guessing the regulators saw this and were like ‘Whoa, hold up!’ 
It’s a fine line between fun predictions and potentially harmful speculation about someone’s life.
Kalshi’s whole deal is offering bets on all kinds of events, not just sports. But they’re treading new ground, so they’re bound to hit some snags with the rules.
It’ll be interesting to see how they navigate this. Maybe they’ll stick to less personal stuff in the future? Who knows! The betting world is always changing.
yeah, i heard about that kalshi thing. pretty weird stuff. betting on real people’s futures is kinda sketchy imo. regulatory bodies probably stepped in cuz it’s a grey area legally. kalshi’s new-ish, y combinator backing is legit tho. guess they’re learning the hard way about what you can and cant bet on
i’ve been following kalshi for a bit, and this situation doesn’t surprise me. betting on real people’s futures is a regulatory minefield. the cftc (commodities futures trading commission) is probably keeping a close eye on them. kalshi’s whole premise is offering bets on non-traditional events, which is cool but risky.
from what i know, they’re trying to create a new market for event contracts. it’s innovative, but they’re bound to hit some roadblocks. the luigi mangione thing is probably just the tip of the iceberg. regulators are likely concerned about privacy issues and the potential for manipulation.
kalshi’s backing from y combinator is significant, but it doesn’t shield them from regulatory scrutiny. they’ll need to tread carefully moving forward. it’ll be interesting to see how they adapt their platform to comply with regulations while still offering unique betting opportunities.