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After Bankruptcy and Betting Bans, Gambler Turns to Kalshi
Original: After bankruptcy, he was banned from sports betting sites. Then he found Kalshi Article URL: https://www. npr.org/2026/1
NPR reports the story of a man who declared bankruptcy from sports gambling and was subsequently banned by major sportsbooks, only to continue betting through Kalshi, a US prediction-markets platform. The piece raises concerns that prediction markets, which are regulated as financial exchanges rather than gambling, may let self-excluded problem gamblers keep wagering, renewing debate over whether these fast-growing platforms should face gambling-style consumer protections.
Why now: Prediction markets like Kalshi are expanding rapidly and this report fuels ongoing debate about their regulatory loophole versus traditional sportsbooks.
Evidence
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