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Kalshi's Sports Betting Controversy

Updated 2026-07-17 09:10 UTC 1 source Negative

Kalshi has become a major player in sports betting during the World Cup but avoids taxes by claiming it is not a gambling operator. The company faces scrutiny over its business model.

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NPR
The betting site Kalshi emerged as a dominant sports betting platform during the World Cup. But the company avoids billions of dollars in taxes by insisting it is not a sports gambling operator.
2026-07-17 09:00 UTC
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