US regulator warns Kalshi and rivals that plus/minus odds could mislead traders, as legal fights over prediction markets and gambling law continue.
Kalshi
Michigan and Nevada have cut ties with the NCPG after it took $2 million from prediction-market firm Kalshi, sparking a legitimacy crisis.
A federal judge rejected Kalshi's bid to block Connecticut's gambling law, finding its sports contracts aren't federally regulated swaps.
A Gambling Insider analysis finds Kalshi "combo" bettors lose up to 35 cents per dollar staked, far worse than the blended figure widely reported.