High-Speed Truth Machines or Felony Sportsbooks?: Kalshi's $40 Billion Legal Gamble

Nonsense with cj little and Jeff Parker · Nov 12, 2026 · 37m

(0:00) Pre-Show: Spoiler Warning for "You Can See Everything"

(0:14) Open: Returning to the "High-Speed Truth Machine"

(3:17) Schrödinger's Bookie: A $40 Billion Valuation vs. 13 Felonies

(5:29) Impartial Access and Jeff's Hershey's Cocoa Futures TED Talk

(11:51) Border War: Civil Injunctions in Arizona vs. Criminal Indictments in Utah

(16:15) The Circuit Split: Third, Ninth, and Sixth Courts Collide on "Swaps"

(19:25) Supreme Court Petitions, the NFL's Cut, and the 90% Sports Reality

(24:48) cj's recommendation: Catch-22 by Joseph Heller (1961)

(25:54) Jeff's Recommendation: Molly's Game…