Kalshi says it's not a sportsbook even as World Cup bets surge

The 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.

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Kalshi says it's not a sportsbook even as World Cup bets surge

Source: NPR News

FILE - An ad for the prediction market app Kalshi is displayed on a mobile phone on April 16, 2026, in Chicago. (AP Photo/Erin Hooley, File)

The 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.

(Image credit: Erin Hooley/AP Photo/Erin Hooley)

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