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A new state-by-state analysis estimates California, Texas, Florida, Georgia, and Minnesota are leaving billions in potential regulated online gambling revenue untapped.
Kalshi posted $18.37 billion in volume for Sept. 28-Oct. 4, with Exotics accounting for nearly two-thirds of activity and sports combo markets among the biggest contracts.
Kalshi told federal regulators it would support a rule limiting its affiliated trading desk to 5% of exchange betting volume per quarter, while pushing back on other proposed CFTC restrictions.
Utah officials say prediction markets and similar products remain illegal under the state's blanket gambling ban, even as several major operators still serve users there.
Kalshi’s market for the Nasdaq-100 year-end level is pricing strong odds for another big gain in 2026, including a 68% chance of finishing above 31,000.
Prediction markets are expanding quickly, but fresh reporting highlights concerns about youth-focused marketing, trading concentration, wash trading, and insider-information risks on major platforms.
