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Kalshi and Polymarket’s U.S. Formula Could Hurt Them Abroad
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Kalshi and Polymarket’s U.S. Formula Could Hurt Them Abroad
To succeed in the U.S., Kalshi and Polymarket rely on a close relationship with the federal government. The New York-based companies need the Commodity Futures Trading Commission (CFTC) to treat prediction markets like a financial asset so they can avoid state gambling laws and related taxes. But the CFTC does not provide shelter from international […]
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