Kalshi, a trading platform that has gained popularity during the World Cup, has emphasized that it is not a sports betting operator. The company has seen a surge in betting activity related to the tournament.
Despite the increase in wagers, Kalshi insists it avoids billions of dollars in taxes by classifying itself differently from traditional sportsbooks, according to a company representative.
The platform’s stance highlights ongoing debates about the regulation and taxation of online betting and trading platforms involved in sports wagering activities.
Jon Ross Myers is the executive editor and publisher of the Mississippi News Network, Mississippi's largest digital only media company. He can be reached at editor@tippahnews.com
