Kalshi is a prediction market where users trade or place wagers on uncertain real-world events, including pop culture, politics, weather, and sports. The platform operates like a stock exchange for events and earns money through fees for trading. Kalshi has more than five million monthly users and surpassed $1 billion in trading during the Super Bowl, with rapid growth over the prior year. Sports are a major category, and competitors such as Polymarket are expanding in the U.S. The rise of prediction markets has coincided with increased demand for gambling addiction help, while public visibility has also led to criticism and parodies. A recovering gambling addict in Texas created a Kalshi account, viewing it as legal and comparable to stocks.
"During the Super Bowl, Kalshi surpassed $1bn in trading, up 2,700% over the previous year. They have surged in popularity as researchers report a dramatic rise in Americans seeking gambling addiction help. This began even before the introduct"
Read at www.theguardian.com
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