Rising concerns that prediction markets are bypassing state gambling laws

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As prediction markets explode in popularity, there are concerns they may bypass state gambling laws. On Tuesday, Arizona's attorney general charged the prediction market Kalshi with operating an illegal gambling operation. A representative from Kalshi said it's not a gambling product, but an exchange overseen by strict Wall Street regulation. Jo Ling Kent reports.

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Rising concerns that prediction markets are bypassing state gambling laws

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