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Bobby Allyn

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. www.npr.org/2026/07/17/n...

Kalshi says it's not a sportsbook even as World Cup bets surgeThe betting site Kalshi emerged as a dominant sports betting platform during the World Cup. But the company avoids billions of dollars in taxes by insisting it is not a sports gambling operator.www.npr.org
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Bobby Allyn

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.

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Bobby Allyn

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."