A profile of prediction market Kalshi, which is using its federal financial license to open up sports gambling across the US, even in states where it is illegal (Justina Lee/Bloomberg)

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Justina Lee / Bloomberg:
A profile of prediction market Kalshi, which is using its federal financial license to open up sports gambling across the US, even in states where it is illegal  —  Armed with a federal license and allies in Trumpworld, the tech start-up is pushing prediction markets across America into a legal gray zone: sports betting.

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