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Kalshi, An MIT Betting Startup, Is Allowing People To Bet On Anything

Given the heavy restrictions around sports betting, a sizeable portion of it is currently illegal. The illegal nature of such betting makes it hard to estimate the market size for the betting industry as a whole. Using the subset of sports betting as a proxy for the total volume of the betting industry, estimates ranging from $67 billion to $380 billion are floated as accurate portrayals of said activity.


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