Can anything stop Kalshi?
AI Summary
Prediction markets like Kalshi have grown from 600k to 5.1m+ monthly users by sidestepping state gambling regulations through federal CFTC oversight. Critics warn these platforms pose similar addiction and manipulation risks as casinos but with weaker oversight, drawing comparisons to the regulatory failures of the late 1920s.
Key Facts
Author Takes
Prediction markets regulation
The lax regulation of prediction markets reminds analysts of the late 1920s financial speculation that preceded a major crisis
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