general

Kalshi’s fight over sports betting is hurtling towards the Supreme Court—and the future of gambling is at stake

By Jeff John RobertsFortune

Kalshi is in a make-or-break fight to preserve a lucrative new prediction-markets industry expected to grow to over $200 billion this year.

Prediction markets Kalshi and Polymarket claim to be truth machines that offer insights into everything from elections to interest rates. But they are also something else: Massive sports betting plat…