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Prediction markets like Kalshi, once known for offering wagers on elections, are now in the multibillion-dollar sports betting business and outside the reach of state regulations and taxes.
By Ben Blatt and Amy Fan
Is Sports Betting Illegal in Your State? Not if You Call It a ‘Prediction Market.’
Prediction markets like Kalshi, once known for offering wagers on elections, are now in the multibillion-dollar sports betting business and outside the reach of state regulations and taxes.
1,870 words~9 min read
