Kalshi Says It's a Prediction Market. The 9th Circuit Says It's Gambling.
Prediction markets can no longer offer sports event contracts in Nevada after the appellate court's decision, giving other states a roadmap for regulating the platforms.
Predictive Analytics
New York Wants a $36 Billion Cut From Kalshi, Calling It an 'Illegal Gambling Operation'
Casting Kalshi as an out-of-control gambling platform makes it easier for the state to take money from the company and its users.
Polymarket's Alleged Fake Trades Don't Justify a Crackdown on Prediction Markets
A Wall Street Journal investigation uncovered $1.9 million in fake bets to market the platform. Punishing the prediction market industry isn't the answer.
Can Big Data Help Save Abused Kids?
The quest to fix our messy, meddlesome foster care bureaucracies
