Around the time of the 2024 presidential election, some stock trading apps started offering the option to buy contracts on who would win. Kalshi, a predictive market company, now pairs with online brokerage platform Robinhood to offer these contracts. “We do think that this is going to be one of the largest financial instruments that's out there,” said Sara Slane, head of corporate development for Kalshi. Trade prices fluctuate on demand, but the payout is always $1 per contract. So, traders could buy 10 contracts predicting which team will win the NBA final. And if they’re right, they get $10. If they’re wrong, they get nothing. Also, licensed sportsbooks are required to contribute fifteen percent of their proceeds to the state’s education programs. “At the end of the day. This is a federalism fight,” said Andrew Kim, a partner specializing in gambling at the law firm Goodwin. “Congress left it unclear as to what kind of role that the state regulators should play in this space.” Read the WYPR-FM article for more.