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Question of the Week: Prediction markets

Are they legitimate investment exchanges or a sneaky way to avoid being regulated like other gambling sites? It’s our newsletter question of the week for April 30, 2026.

Prediction markets Kalshi sports gambling
Prediction markets like Kalshi are being targeted by states for being no different than sports betting sites.

What’s your opinion about these prediction markets that are popping up all over? No doubt there will be a lot of responses that say all markets are a form of gambling, but setting aside the image of a Wall Street casino, think of the question more in terms of who should regulate these sites.

Please feel free to leave a comment, including first name and hometown, and we may share your response in a future newsletter.

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