Buying out the regulators and making competition illegal is the moat YC needed to invest
* because https://hn.algolia.com/?dateRange=all&page=0&prefix=false&qu...
(edit: for anyone wondering, I didn't flag the GP comment)
Regulation in this space is really tough and thorough - we've been battling through it for years now (also explains why this post is coming so long after the end of our batch!).
Like this most people will have to assume you really just paid off / bribed Brian Quintenz.
https://astralcodexten.substack.com/p/mantic-monday-81522
> If someone from Kalshi wants to swear, in so many words, “We promise we put no effort into convincing CFTC to quash PredictIt”, I will believe them (although I would still suspect the CFTC was following a thought process like “now that Kalshi exists it would be embarrassing to let less-regulated markets exist alongside it”). Until then, I think cui bono remains the right question.
Here's your chance, 'tmansour: if you didn't do anything wrong, why not say so yourself?
I have no horse in this race or involvement with either party at all; I'm just interested because this feels like quite the betrayal of the usual ethos we'd expect from YC affiliation, and your responses on the topic so far are evasive enough to be a red flag in and of themselves.
Respectfully, I think you should have stopped there, or perhaps earlier. There is quite a body of evidence already provided in this thread suggesting that Kalshi is an anticompetitive regulatory-capture play.
Just because we moderate HN less when YC or a YC-funded startup is part of a story does not mean I won't respond like a normal human being.
* Yes, the revolving door is bribery-by-any-other-name. Anger at this type of legalized overt corruption of our institutions is literally ripping the country apart.