How prediction markets evolved into sports gambling behemoths

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Why This Matters

Prediction markets have seen significant growth, with Kalshi's sports contracts experiencing a surge in open interest, despite facing potential disruptions from lawsuits that could impact operations.

Market Impact

Market impact analysis based on bullish sentiment with 75% confidence.

Sentiment
Bullish
AI Confidence
75%

Article Context

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Open interest in Kalshi sports contracts has surged past any other category as lawsuits threaten operations

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Full article on Financial Times
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Original article published by Financial Times on October 30, 2025.
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