Kalshi takes $40B in World Cup wagers but pays no betting tax
By Dan Whitaker, Casino News Editor
Kalshi took $40B in trades during the World Cup, according to BonusFinder. The volume highlights just how much action can move through a platform when a major sports event grabs global attention.
But Kalshi’s classification as a trading platform reportedly means it doesn’t pay state sports betting taxes. BonusFinder says that difference is creating a rift, as it sets Kalshi apart from traditional sports betting models when it comes to how activity is taxed at the state level.
Player angle: If you follow gambling and gaming trends, this is a reminder that the same big-event action can be treated very differently depending on whether it’s labeled betting or trading. Check our real money casinos guide before putting money anywhere.
Reported by BonusFinder.