#kalshi as with all #PredictionMarkets is In a regulatory loophole within an extremely heavily taxed and excessively regulated industry that is gambling no matter what anyone calls it. It is as old as humanity and has driven people to enslave their families and descendents in long ago times. Worse, there is nothing preventing cheating in prediction markets. Cheating, the only activity as old as gambling, with the same power to drive humans to extremes. So Kalshi presents the ability to gamble and cheat, and the loophole allows all of it in every state. So of course it is number 1 by a mile and will keep growing as long as society steps aside and lets these horrific base human weaknesses run roughshod over all and any logical, moral and decent challenge.

LATEST: 🇪🇸 Polymarket and Kalshi are now blocked in Spain after regulators launched disciplinary proceedings, claiming they operated without licenses under Spanish gambling law.

A federal judge denied Kalshi's bid to block New York from enforcing its gambling laws against the prediction markets platform, amid a growing battle between federal and state regulators over authority to police the fast-growing industry. reuters.com/legal/government…