Prediction Markets Boom, Controversies Mount
Salt Lake City News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Prediction markets, like Kalshi, are surging in popularity, with Americans potentially betting billions on events from NCAA basketball to elections. However, these platforms are controversial, with experts labeling them as gambling and facing legal challenges and regulatory pushes. Despite this, usage is highest among young men and higher earners, with platforms like Kalshi seeing over a billion dollars in trades on Super Bowl Sunday.
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