Courts shouldn't legislate 0 ▲ ReedyBear's Blog 2 hours ago · Politics · hide · 0 comments In the U.S., we have allowed the courts (particularly the Supereme Court) to legislate matters that should be decided by Congress. A recent one is the question of whether "prediction markets" are financial things regulated federally by the SEC or if they are gambling, which is regulated by each state individually. There are two active court cases right now, where one court says it's federal authority (investment b.s.), and the other says it is state (gambling). This is an issue that should have been resolved by Congress quite awhile ago, because jesus fucking christ, placing a "prediction" on whether a politician will say [some word] at [some conference] is a fucking bet. It is gambling. You are guessing about what will happen in the future and hoping to win based on your guess being right. It is fucking gambling. And when these "prediction market" companies tried to use legal loopholes to dodge gambling regulations ... Congress should have stepped in within the week and said "FUCK… No comments yet. Log in to reply on the Fediverse. Comments will appear here.