Minnesota Gov. Tim Walz has signed the nation’s first law banning prediction market sites from operating in the state, the most far-reaching crackdown on massively popular services like Kalshi and Polymarket.
It comes as states confront a growing standoff with the Trump administration over how to regulate the industry, which allows people to bet on virtually anything.
The new state law makes it a crime to host or advertise a prediction market, which it defines as a system that lets consumers place a wager on a future outcome, like sports, elections, weather, live entertainment, someone’s word choice and world affairs.
The prohibition extends to services supporting prediction markets, like virtual private networks, that could allow consumers to disguise their location and get around the ban.
It would force prediction market sites like Kalshi and Polymarket to leave the state, or face possible felony charges. The law takes effect in August.
That isn’t really a new thing entirely, companies have our entire lives been able to take out life insurance on their employees without them knowing it. Which you know…
This was reported, so I looked it up. Apparently, it’s true. I also think it’s your opinion that corporations might use for their own financial gain, so I won’t remove it.
https://www.investopedia.com/terms/c/corporate-ownership-of-life-insurance.asp
Oh right the dead peasants’ insurance thing this is like well after the fact, in like the 00s by walmart.
I guess I should have just looked it all up how hard could have been.
From what I understand they would take them out on technical employees fairly often as well, like scientists types that could not be easily replaced. But who knows what dirty dealings have gone on.
Is that why they hire elderly people as greeters? Wow, they’re pure evil.
Huh, I wonder if there’s a way we could subpoena the books of the life insurance companies they deal with. Or somehow obtain that information by whatever means.
Walmart was a very bad company, they still are but I think they were one of the first retail Giants to become totally morally bankrupt.
If a Walmart employee dies on Walmart property the family gets a $1,000,000 payout. Source: am spouse of Walmart manager. This applies to all employees as far as I know.
What does Walmart get if you die* on or off the property?
That I do not know. If they get anything, it isn’t handled at the store level.
His opinion? Walmart was notorious for taking out life insurance policies on its rank and file workers. It happened for decades, there were even lawsuits, settlements, the whole 9 yards…
This is the first I’m hearing anything about it. I meant it as a good thing, so he doesn’t have to provide proof and all that.
Sure?
Yeah that’s been common knowledge for decades and decades. Like Wall Street level they can sell life insurance policies on any of us without us knowing it, all they need is our social security number. It’s very unfair.
I don’t have any ready sources this is from like the 90s and 2000s I mean I could look but whatever.