Kalshi's sports predictions are under fire, and the whole gambling industry is watching

Kalshi took trades during March Madness.

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• Kalshi and Robinhood were handed cease-and-desists in New Jersey after taking trades on March Madness.
• The emerging world of sports predictions is facing pushback in the US.
• Gaming industry insiders say the outcome could have big implications for sports betting's future.

Sports prediction markets are under fire — and the outcome could be pivotal for the future of US sports betting.

Regulators in Nevada and New Jersey...