Utah Brings Felony Gambling Cases Against Kalshi and Its Co-Founders
The state says an undercover agent placed 12 sports wagers after confirming he was in Utah.
The state says an undercover agent placed 12 sports wagers after confirming he was in Utah.
Court-approved deal spares the company enforcement action while its Sixth Circuit appeal continues
National study links higher problem-gambling risk among young people to household exposure, frequent betting and use of multiple products
Bettors staked more than $2.4 billion, while a lower sportsbook hold cut operator revenue and sharpened debate over prediction markets.
The prediction-market operator argues that CFTC oversight pre-empts state wagering rules, despite a recent Sixth Circuit ruling favouring Tennessee.
The leagues and the National Council on Problem Gambling will urge fans to set spending limits and seek help when participation becomes difficult to manage.
Michael Rubin said heavier marketing is intended to narrow the sportsbook gap with DraftKings and FanDuel as prediction markets reshape competition.
Conflicting federal appeals rulings have left the status of sports-event contracts divided between CFTC oversight and state gambling law.
The invitation-only test puts the platform through controlled use by selected participants before a targeted late-October commercial launch.
U.S. News respondents also reported borrowing to bet and substantial use of prediction-market platforms.
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