“It's amazing to me how Kalshi is legal basically everywhere”: As prediction markets explode in popularity, there are concerns that they may bypass state gambling laws. On Tuesday, Arizona’s attorney general charged the prediction market Kalshi with operating an illegal gambling operation. A representative from Kalshi said it's not a gambling product, but an exchange overseen by strict Wall Street regulation. #sportsbetting #kalshi #sports #ucla
“It's amazing to me how Kalshi is legal basically everywhere”: As prediction markets explode in popularity, there are concerns that they may bypass state gambling laws. On Tuesday, Arizona’s attorney general charged the prediction market Kalshi with operating an illegal gambling operation. A representative from Kalshi said it's not a gambling product, but an exchange overseen by strict Wall Street regulation. #sportsbetting #kalshi #sports #ucla ♬ original sound - CBS Mornings
