Fullstory

Kalshi and Polymarket run DraftKings' old loophole playbook against the sportsbooks

Fullstory says 35% of bettors it polled use sportsbooks less because of prediction markets, CFTC-regulated venues that pay no state betting tax. DraftKings and FanDuel grew on a similar carve-out until states rewrote gambling law after 2015, and Kalshi's Illinois suit now contests that route.