Friday, July 17, 2026
Business

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.

Kalshi says it's not a sportsbook even as World Cup bets surge
Image: NPR Business

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)

Originally published at NPR Business

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