Prediction markets say they're different from sportsbooks. Gambling addicts say it's all the same
Associated Press
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A face-off during the third period of an NHL hockey game between the Chicago Blackhawks and the Minnesota Wild with the Kalshi sign in the background Tuesday, March, 17, 2026, in Chicago. (AP Photo/David Banks)The Minnesota Wild warms up before a game against the Chicago Blackhawks in front of a Kalshi sign before an NHL hockey game Tuesday, March, 17, 2026, in Chicago. (AP Photo/David Banks)FILE - An advertisement for prediction market platform Kalshi hangs at 13th and L Streets in northwest Washington, April 1, 2026. (AP Photo/Allison Robbert, File)HOLD The prediction market app Kalshi is displayed on a mobile phone Thursday, April 16, 2026, in Chicago. (AP Photo/Erin Hooley)In this photo made with a long exposure, a laptop displays trades made on the Kalshi website on Thursday, April 16, 2026, in Portland, Ore. (AP Photo/Jenny Kane)
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A face-off during the third period of an NHL hockey game between the Chicago Blackhawks and the Minnesota Wild with the Kalshi sign in the background Tuesday, March, 17, 2026, in Chicago. (AP Photo/David Banks)