SGPrediction market platform Kalshi experienced significant growth during the 2026 FIFA World Cup, achieving $27 billion in trading volume and attracting approximately 3 million users—more than double its initial projections of $13 billion and 1.5 million users. The World Cup, held in a new 48-team format, became the most profitable in FIFA's history. Kalshi plans to expand beyond sports betting by offering wagers on clinical trial outcomes and FDA regulatory decisions. However, the company faces legal challenges, including investigations into potential insider trading involving former Trump aide Gabriel Perez and lawsuits from states like Massachusetts and Washington, which have blocked Kalshi's operations due to alleged violations of gambling laws.
Bias read (Center): The article presents both the success of Kalshi and the legal challenges it faces without overtly favoring either side. It includes perspectives from critics who view the platform as illegal gambling and mentions ongoing legal actions against Kalshi, but does not take a clear stance on whether these
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