Betting industry news

    States Review Sportsbook Draft Bets, But Not Kalshi’s 598,464 Contracts on Cardinals’ Pick

    States Review Sportsbook Draft Bets, But Not Kalshi’s 598,464 Contracts on Cardinals’ Pick

    Kalshi, a federally regulated prediction market, saw significant trading activity on contracts related to the 2026 NFL draft. Customers traded 598,464 contracts on Jeremiyah Love being the third overall pick, highlighting the volume of activity on such platforms. This occurs as states review sportsbook draft bets, though Kalshi's offerings are distinct from traditional sportsbooks.