The day Kalshi launched Combos — its parlay product — DraftKings stock dropped 12% in a single session. Two and a half billion dollars in market cap, gone. Not because Kalshi had that many users. Because Wall Street finally believed the threat was real. This is the most important fight in American gambling since aContinue reading “Prediction Markets Want to Eat Sportsbooks’ Lunch — And They Might Actually Do It”
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