The people behind the prediction market Kalshi, where users can place wagers on everything from elections and sports contests to the anticipated bridesmaids at Taylor Swift’s wedding, say their platform sees trading volumes of a billion dollars every week.

As prediction markets like Kalshi continue to expand, this burgeoning business model is attracting increased scrutiny from state regulators and attorneys general.

Jo Ling Kent reports on the growing interest and concerns surrounding these innovative marketplaces.
https://www.cbsnews.com/video/wanna-bet-online-prediction-markets-wager-that-you-will/