Prediction markets companies, such as Kalshi and Polymarket, have been criticized for a long time by various regulators, jurisdictions, and non-profit organizations alike.
However, it seems that even other companies are after the prediction markets giants, as Anthony D’Angelo, head of responsible gaming at Fanatics Betting and Gaming, criticized the seeming lack of regulation of these platforms. D’Angelo likened the operations of Kalshi and Polymarket to unlicensed gambling, raising concerns about the potential risks they pose to consumers and the industry as a whole.
