Kalshi found a backdoor to sports gambling, and is throwing it open to everyone

The prediction market now offers something that looks a lot like online sports betting to 18 year olds and states where it’s currently illegal. What could possibly go wrong?

Last month, the online prediction market Kalshi filed some very dry but potentially very lucrative paperwork with the federal Commodity Futures Trading Commission (CFTC). The company, which allows users to predict real-world event outcomes that range from election winners to the annual number of U.S. cases of whooping cough, announced its intent to offer markets for football point spreads, totals, and individual touchdown scorers, too.