In the Name of Allah, the Most Gracious, the Ever Merciful…
The Prophet (may Allah raise his rank and grant him peace) foretold the renaming of impermissible things under different labels:
ليشربن أناس من أمتي الخمر يسمونها بغير اسمها
“Certainly, some people among my ummah will consume intoxicants, naming them with other than their actual names.” (Musnad Ahmad, from the report of Aboo Maalik, authentic)
WARNING: The Kalshi platform of services is not trading. It is just gambling; do not be fooled. Avoid gambling in all its forms, whether it is state-run lottery, neighborhood numbers, dice, scratch-off tickets, casual betting on friendly competitions, or even children’s games for tickets to exchange for prizes.
Sports betting apps are clearly gambling. Also, today gambling is repackaged & renamed “futures trading” or “prediction markets” in popular apps like Kalshi. Calling gambling “trading” is nothing but deception.
“Trading” and “market exchanges” -in Islamic Law- are only good & permissible when you are exchanging permissible specified goods/services for permissible specified goods/services, with permissible specified terms and conditions. Just betting on things under the name of “futures trading” or “prediction market exchanges” is just a pathetic attempt to hide the major sin of gambling.
Do not trick yourself out of obedience & servitude to ar-Rahmaan (the Gracious and Merciful Lord) and into the traps of Iblees, the devil. Today people are just betting on the weather and other events, calling it “futures trading.” This might work around some non-Muslim government rules & be legal to them, but Muslims are guided and keen, and they know their sworn enemy tries to constantly trick them into impermissible things by renaming them with seemingly permissible names.
The Prophet (may Allah raise his rank and grant him peace) foretold this:
ليشربن أناس من أمتي الخمر يسمونها بغير اسمها
“Certainly, some people among my ummah will consume intoxicants, naming them with other than their actual names.” (Musnad Ahmad, from the report of Aboo Maalik, authentic)
Fear Allah, the Most High, abandon gambling in all its forms and clever labels, and do not argue with falsehood to defend destructive major sins!
Written by: Moosaa Richardson
SOURCE: A post on Twitter/X – https://x.com/1MMeducation/status/2034621582379803113
FURTHER RESOURCE: A Friday khutbah (MP3) on the topic: “GAMBLING: From Casinos to Car Insurance – spreaker.com/episode/khutba