In other parts of the world, betting exchanges like BetFair operate this way, but unlike Kalshi, there's no pretence that what's occurring is anything other than gambling, and they are heavily regulated like other sports betting operators.
Which I think is obviously where the US is going to settle in the long term. Just a question of how many people lose their shirts before we get there.
Which I think is obviously where the US is going to settle in the long term. Just a question of how many people lose their shirts before we get there.