Kalshi is gambling because you risk money in the hope of winning more money. When you factor in fees and taxes, you are expected to lose money in the long run. This dynamic is similar to casino games such as sports betting, blackjack, and slot machines, where prolonged participation usually results in
Gambling App First To Feature Sports Betting On Margin
Key takeaways Crypto.com’s new “OG” mobile app is marketed as a social “prediction market.” OG plans to let users borrow money to increase bet sizes with margin trading. Margin can amplify financial losses in emotion-driven sports betting. OG launched as the CFTC signaled support for new sports betting rules. Some states have
‘Destruction’: Nebraska Problem Gambling Funding Could Be Cut
Key takeaways Nebraska reports a nearly $500 million budget shortfall. To save money, the state could eliminate a problem gambling agency. The state could also cut problem funding as a share of casino taxes. The Nebraska Council on Problem Gambling opposes the legislation. Bills to slash problem gambling support are LB1071 and
Gambling Website Dangles Grocery Money In Marketing Ploy
A controversial gambling app will give some New Yorkers grocery money. The dystopian stunt comes amid a city cost-of-living crisis. Kalshi, a so-called prediction market, said Monday that it will cover $50 worth of food items at the WestSide Market in NYC at a special event on Tuesday. According to the New
Opinion | With NYC Casino Projects, Progressive Politicians Expose Their Hypocrisy
In New York City, Las Vegas-style casinos—two in Queens and one in the Bronx—are coming during a crisis. Ask any local politician what the number one issue on the ballot is for the 2026 election cycle, and they’ll give you the same answer: affordability. New Yorkers overwhelmingly turned out in 2025 to