We’ve all seen the ads for prediction markets, like Kalshi, and some of us have even placed bets with them. But are they actually “bets”? That is, are they gambling? The Ninth Circuit addressed this issue as it relates to the Indian Gaming Regulatory Act and said that at least on the land of a tribe that operated its own gaming, what Kalshi does is gambling and is not allowed. IJ’s Kirby Thomas West takes us into the wild world of predicting vs. gambling and the related issues of whether federal law preempts state law on predicting/betting. But before that, Paul Sherman of IJ brings us exciting news from Georgia where its state supreme court ruled that a legal hemp-growing operation had a valid takings claim against authorities who damaged its crop (and cows) with a helicopter. The case concerns whether there is a “police power” exemption from takings protections and how courts often have tried to avoid takings claims by saying takings clauses only apply to eminent domain.

RSVP for Short Circuit Live in Cambridge, Mass. on October 19!

Blue 42 Organics v. Georgia DPS

Blue Lake Rancheria v. Kalshi

The Damagings Clauses