Kalshi's Shady Sports Bets: Is It Really Legal?
Kalshi, a prediction market, is in hot water. A lawsuit claims it's running an illegal sports betting platform. The platform calls bets "event contracts. " But the lawsuit says these are just bets. And they're illegal in many states. The lawsuit says Kalshi is tricking people. It makes them think they're betting against other users. But really, they're betting again...