Prediction market Kalshi to give $2m to problem gambling group as it fights ‘gambling’ label

Kalshi announces two-year investment to National Council on Problem Gambling ‘focused on trader health and safety’ The prediction market Kalshi, which maintains it is not a gambling platform, has announced plans to give $2m to the National Council on Problem Gambling (NCPG) as it continues to ride a nationwide surge. While prediction markets allow users to bet – or “trade” – on the outcome of almost anything, from elections to sports to geopolitical events, the industry has vehemently fought ...

By Anna Betts in New York