Ash Splawinski

@splawinski.bsky.social

PhD candidate in political science @ UofT Researching federalism, policy design, administrative burdens, and political mobilization Previously a visiting scholar at UT Austin & CU Denver Overthinks for work, underthinks for fun!

The New York attorney general on Friday sued Kalshi, accusing the company of operating illegally and in defiance of laws aimed at curbing unregulated gambling. The suit is the latest effort by U.S. states to crack down on an industry that critics have called predatory.

New York Sues Kalshi in Latest Bid to Regulate Prediction Markets

The suit is the latest effort by states to crack down on an industry that critics have called predatory. At least 15 states have introduced legislation this year to regulate the markets.

nyti.ms

Even when it comes to limits on who can trade, different legislation says different things - the Senate res only covers Senators. Other measures cover members of Congress, their spouses and children, etc. Brings up the question: who counts as an insider? How do we know?

Don Moynihan@donmoyn.bsky.social · 2w ago

Congress has considered 20 pieces of legislation on prediction markets. The only one that has taken effect is a Senate resolution that limits Senators, officers, and staff from trading on prediction markets. A fundamental problems is the bills don’t agree on what they’re regulating.

The framework bills can’t settle what a prediction market is. The Prediction Market Act of 2026 treats them as event contracts under the Commodity Exchange Act, with consumer protections layered on top: a commodity, in other words, and the CFTC’s to govern. However, the Prediction Markets Security and Integrity Act of 2026 seeks to “return regulatory authorities and oversight of online prediction markets to States.” It says the platforms offer services substantially the same as betting, and that states were never meant to be precluded from enforcing gambling law against them. One bill says commodity. The other says wager. Same chamber, same session, no answer.

The content-restriction bills can’t agree on the harm. The Prediction Markets Are Gambling Act and the Fair Markets and Sports Integrity Act say the problem is gambling, and go after sports and casino-style contracts. The content restriction bills DEATH BETS and BETS OFF say the problem is subject matter: war, assassination, and violence. Two very different theories of what’s wrong. Neither has passed.

On any given day we hear about how prediction markets are generating perverse behavior, like Trump's teleprompter guy making bets. The Wall St. Journal recently found that online influencers were being paid by companies to generate fake videos about them winning easy money on these markets.

The Polymarket promotional videos are plentiful enough to represent a distinct genre, complete with their own language, according to the Wall Street Journal analysis.

Amid scandals ranging from insider trading to death markets, Congress has introduced 20+ pieces of legislation on prediction markets. I wrote about how there’s still little consensus on what they even are. 🧵/1

Don Moynihan@donmoyn.bsky.social · 2w ago

New, from @splawinski.bsky.social at Can We Still Govern? The more we learn about how prediction markets operate, the clearer the need for regulation. So whats happening? Congress seems unable to act, while the Trump admin is blocking states from doing so. donmoynihan.substack.com/p/the-only-t...

Today in prediction markets: "President Donald Trump's longtime teleprompter operator is believed to have made tens of thousands of dollars by placing bets on more than a dozen of Trump's speeches on the prediction market Kalshi..." abcnews.com/US/white-hou...

White House teleprompter operator made more than $100K betting on Trump's speeches: Sources

President Trump's longtime teleprompter operator is believed to have made tens of thousands of dollars by placing bets on the contents of Trump's speeches, sources say.

abcnews.com

Toronto is sepia-toned and smells like a campfire today. Be safe out there. "Residents may experience mild and common symptoms such as eye, nose and throat irritation, headaches or a mild cough. Less common symptoms include wheezing, chest pains or severe cough." www.cbc.ca/news/canada/...

Toronto ranked among worst air quality in the world as smoke, extreme heat warnings continue | CBC News

Environment Canada's poor air quality warning in Toronto due to wildfire smoke could stick around until the end of the week, said a meteorologist.

cbc.ca

New w @pamherd.bsky.social: Mamdani just announced PIT Crew — an NYC tech unit that will build digital public products. Takeaway: Mamdani is reclaiming a vision of tech in govt for progressives, one not driven by consultants and which solves real problems. 🧵 donmoynihan.substack.com/p/mamdani-in...

Mamdani invests in tech capacity to “solve real problems”

What PIT Crew says about how he is governing, and tech in government

donmoynihan.substack.com

Cities as sites of innovation. Cool! Also a real-world exercise in admin burden-shifting, moving compliance costs (and maybe others) off citizens and onto firms and the state. They say they "will be able to move from idea to implementation in a matter of months." Wonder what the process is.

Adam Gurri@adamgurri.liberalcurrents.com · 3w ago

Strongly suspect this will end up having a bigger long run impact on the average New Yorker than the more sexy headline grabbing campaign promises www.nyc.gov/mayors-offic...