{"id":61823,"date":"2025-12-04T07:01:46","date_gmt":"2025-12-04T07:01:46","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=61823"},"modified":"2025-12-04T07:01:46","modified_gmt":"2025-12-04T07:01:46","slug":"ross-gerber-says-prediction-markets-are-just-illegal-sports-betting-operations-as-kalshi-faces-increased-legal-heat","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=61823","title":{"rendered":"Ross Gerber Says Prediction Markets Are Just &#8216;Illegal&#8217; Sports Betting Operations As Kalshi Faces Increased Legal Heat"},"content":{"rendered":"<div>\n<p>Renowned investor <strong>Ross Gerber<\/strong> likened prediction markets to \u201cillegal sports betting\u201d on Wednesday amid a legal crackdown on such platforms.<\/p>\n<h2 class=\"wp-block-heading\">Gerber Asks Why Prediction Markets Are Allowed To Operate<\/h2>\n<p>In an X post, Gerber argued that platforms like <strong>Kalshi<\/strong> are nothing but unlicensed sports betting operations that violate state gaming laws.  <\/p>\n<p>\u201cPrediction markets are just illegal sports betting operations that somehow has been allowed to exist,\u201d the CEO of\u00a0<strong>Gerber Kawasaki Wealth and Investment Management<\/strong>\u00a0said. \u201cCrazy this hasn\u2019t been stopped.\u201d<\/p>\n<p>Gerber said that these platforms are classifying bets as futures contracts, superseding state laws in places like California, where<a href=\"https:\/\/www.benzinga.com\/government\/19\/05\/13716193\/sports-betting-comes-to-more-and-more-states-and-mobile-is-key\"> sports betting is still illegal<\/a>.<\/p>\n<p><figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\"><\/p>\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Prediction markets are just illegal sports betting operations that somehow has been allowed to exist. Despite state gambling laws that have been intact forever. Crazy this hasn&#8217;t been stopped\u2026 I can bet on sports now in California\u2026 the BS this is some sort of futures\u2026 <a href=\"https:\/\/t.co\/3vvTzsrOrm\">https:\/\/t.co\/3vvTzsrOrm<\/a><\/p>\n<p>\u2014 Ross Gerber (@GerberKawasaki) <a href=\"https:\/\/twitter.com\/GerberKawasaki\/status\/1996218189223428364?ref_src=twsrc%5Etfw\">December 3, 2025<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/div>\n<\/p>\n<\/figure>\n<h2 class=\"wp-block-heading\">Sports Betting Dominates Kalshi Volume<\/h2>\n<p>Gerber\u2019s remark was in response &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/news\/sports-betting\/25\/12\/49201738\/ross-gerber-says-prediction-markets-are-just-illegal-sports-betting-operations-as-kalshi-face?utm_source=benzinga_taxonomy&amp;utm_medium=rss_feed_free&amp;utm_content=taxonomy_rss&amp;utm_campaign=channel\" alt=\"Ross\" gerber says prediction markets are just sports betting operations as kalshi faces increased legal heat>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Renowned investor Ross Gerber likened prediction markets to \u201cillegal sports betting\u201d on Wednesday amid a legal crackdown on such platforms. Gerber Asks Why Prediction Markets Are Allowed To Operate In an X post, Gerber argued that platforms like Kalshi are nothing but unlicensed sports betting operations that violate state gaming laws. \u201cPrediction markets are just [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-61823","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/61823","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61823"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/61823\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}