A cash advance is taking physical cash out with your credit card at an ATM or bank teller. Making an online purchase (which depositing money into your Kalshi account is) is therefore not a cash advance.
https://gosunward.org/articles/cash-advance-on-a-credit-card...
Gambling is always classed as a cash advance. The gift cards trick has been tapped and closed, the credit companies figured it out decades ago.
Many banks do, but there's no hard rule of the sort you're implying.
> The gift cards trick has been tapped and closed, the credit companies figured it out decades ago.
What do you mean? Buying gift cards using credit cards is absolutely possible.
Legal what-ifs have a much lower bar than a C++ if clause or the assembly conditional it compiles to.
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.