Prediction markets take a bigger bite of US sports gambling pie
DraftKings and Flutter shares slide as investors fret about threat posed by apps such as Kalshi
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Prediction markets: the hunt for the new ‘dumb money’
As new bettors flock to platforms such as Kalshi and Polymarket, some make easy prey for trading firms and professional gamblers
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Initiative highlights rapid evolution of events betting from quaint origins offering wagers on Oscars and elections
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Open interest in Kalshi sports contracts has surged past any other category as lawsuits threaten operations
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