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He was banned by betting sites, and filed for bankruptcy. Then he relapsed on Kalshi

NPR News·October 2, 2026·1 min read

Prediction market sites like Kalshi have become go-to outlets for gambling addicts to relapse, experts say, as the companies avoid state consumer protections. One individual, banned by betting sites and filed for bankruptcy, relapsed on Kalshi, highlighting the dark side of the prediction market boom and the lack of safeguards for vulnerable users.

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