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by herpderperator
1 day ago
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I really appreciate all of the colourful feedback, but as I have said, this is not a cash advance. It was classified as Professional Services by Capital One and I received 1.5% cash back as is standard with the credit card I used. The issue stems from the fact that people believe prediction markets are gambling. Prediction markets are financial derivatives regulated by the CFTC. This definition is not something I am trying to defend, I am simply accepting the current legal definition to explain why funding your Kalshi account is not considered a cash advance. Gambling is not even allowed in my state, yet Kalshi is permitted. Legally, Kalshi is not gambling as of the current legislation. That is why, for the nth time, funding your Kalshi account is NOT considered a cash advance. People should do a little bit of research before blindly downvoting, or maybe even try it for themselves. |
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