Buffett and Kalshi: Two views of America's gambling boom

Warren Buffett expressed concerns about America's gambling culture in a CNBC interview, saying speculative trading undermines long-term investing. He noted it is easier to cultivate gamblers than investors. His comments come amid the rise of prediction markets like Kalshi and Polymarket, which face criticism for facilitating gambling outside state regulation. Kalshi CEO Tarek Mansour defended the platforms at Axios House DC.