> Kalshi's sports-related event contracts are swaps traded on a CFTC-licensed DCM Does anyone know the substantive difference between those contracts and norma

> Kalshi's sports-related event contracts are swaps traded on a CFTC-licensed DCM Does anyone know the substantive difference between those contracts and normal sports gambling, from a bettor perspective? Are debts dischargeable in bankruptcy or something? Or did Kalshi actually find a way around state laws? Also, per TFA: “A new era in sports broadcasting”; indeed; 30 years ago they’d throw you in jail for taking this type of action.