I am pro-legalized gambling (and even ok with prediction markets) but our failure to actually regulate these spaces at the national level is embarrassing. I always thought the proposed SAFE BET Act would have been a good start but things have moved so fast that even that's not enough.
After bankruptcy, he was banned from sports betting sites. Then he discovered Kalshi
The dark side of the prediction market boom is becoming more clear: Experts say the sites have become go-to outlets for gambling addicts to relapse as the companies avoid state consumer protections.
npr.org