Kalshi and Polymarket are skirting laws on sports betting, states say

By: Kevin Hardy

Outlets: Stateline

Published: March 6, 2026

Words: 1,707

Last Updated: 4 days, 4 hours ago

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Online prediction markets allow users to put money on the outcome of almost anything — this weekend’s NBA game between the Warriors and the Thunder, the next supreme leader of Iran, whether the government will confirm the existence of aliens.

But those markets have no state oversight and operate even in states that ban gambling.

The platforms are raising bipartisan alarms, especially related to sports gambling. As states have legalized sports betting in recent years, …

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