Several states already sent cease-and-desist letters to platforms such as Kalshi that offer sports prediction contracts, arguing they are simply outlets for unlicensed sports betting. The launch of ...

Prediction markets are the most polarising topic in gaming, and US trade groups are venting displeasure with their entry into sports betting.

The CEO of Kalshi says the prediction markets exchange should not be treated as a gambling operation, in part because the U.S ...