
NEW from me: Kalshi says it’s not a sports gambling app. Since the World Cup started, it’s taken in $40 billion in sports bets, 10 times more than what DraftKings and FanDuel are expected to see. Kalshi ran a digital ad campaign across YouTube, FB and Snapchat encouraging people to switch to Kalshi from sportsbooks. I calculated that state-licensed sports betting apps contribute about $4 billion a year in state taxes, which go toward schools, roads, problem gambling programs. Kalshi, which is regulated by the Trump administration, doesn’t pay these taxes. A gaming scholar put it to me this way: "If I were just some guy in a smokey back room of a bar doing what Kalshi and Polymarket are doing, I'd be in jail." npr.org/2026/07/17/nx-…



















