Kalshi in court over 19 federal lawsuits. What's the future of prediction markets?

Advertisements for Kalshi in New York City predicted a victory for Zohran Mamdani in the city

Apps that let people wager on current events have experienced explosive growth in Trump's second term. But one of the leading markets is tied up in lawsuits that cloud the industry's future.

(Image credit: Olga Fedorova)