Rising concerns that prediction markets are bypassing state gambling laws

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Rising concerns that prediction markets are bypassing authorities gambling laws - CBS News

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As prediction markets detonate successful popularity, determination are concerns they whitethorn bypass authorities gambling laws. On Tuesday, Arizona's lawyer wide charged the prediction marketplace Kalshi with operating an amerciable gambling operation. A typical from Kalshi said it's not a gambling product, but an speech overseen by strict Wall Street regulation. Jo Ling Kent reports.

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