Kalshi and Polymarket moved more sports money in a single month this spring than every legal U.S. sportsbook combined handled monthly all of last year. $24 billion in April. Against roughly $14 billion a month wagered at licensed books in 2025. That gap has only widened since: $44.8 billion combined in June, then north ofContinue reading “Prediction Markets Just Lapped the Entire Legal Sportsbook Industry, and Regulators Are Still Fighting Over Who Gets to Stop Them”
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