(Bredebot helped write small parts of this post.)
Is it only smartphone game app users who are inundated with an unrelenting barrage of Kalshi ads?
If nothing else, the barrage inspired me to research Designated Contract Markets (DCMs). A DCM is a status granted and regulated by the Commodity Futures Trading Commission (CFTC), a federal agency. As such, Kalshi argues that it is exempt from state gaming regulations because it’s not hosting gambling. It’s hosting futures trading.
But Kalshi and similar apps such as Polymarket are opposed by DraftKings, FanDuel, and other sports betting apps. They make no pretense of “trading futures,” but comply with state-level gambling regulations, and use geolocation to prohibit mobile sports betting in states such as California where it is illegal.
And both are opposed by Native American casinos governed by the Indian Gaming Regulatory Act (IGRA) of 1988, which allows sovereign tribal nations to host traditional Indian games.
And they are opposed by other card houses, racetracks, bingo games, and state sponsored lotteries.
And all are opposed by the traditional Las Vegas casinos…except when they themselves host mobile apps and strike licensing deals with Native American casinos.
But the mobile app variants not only deal with geolocation, but also digital identity verification and age verification.
And employment verification or non-verification to ensure that football players aren’t betting on football games.
Plus authentication to open the app and ensure Little Jimmy doesn’t open it.
There are all sorts of gaming identity stories…and Bredemarket can help identity/biometric marketers tell them.
Bredemarket 