Ed. note: Welcome to our daily feature, Quote of the Day.
This is not a court that is reactionarily prudish to any sort of vice behavior. But it does involve this larger question around what we want to allow under law and as a society.
— Josh Kirschner, a partner on Holland & Knight’s national gaming team, in comments given to Bloomberg Law, on the Supreme Court’s unusual position as both a subject of prediction-market bets and a likely arbiter of how those markets are regulated. Bettors have wagered nearly $6 million on when Justice Samuel Alito might retire, while the court is weighing whether to take up a case over who regulates the platforms. Kirschner warned that delay could help prediction markets become “more ingrained in society” and “too big to fail, in a way.”
Staci Zaretsky is the managing editor of Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Bluesky, X/Twitter, and Threads, or connect with her on LinkedIn.
