He was banned by betting sites, and filed for bankruptcy. Then he relapsed on Kalshi

The story highlights a troubling trend where individuals, once banned from traditional betting sites and facing bankruptcy, find a new avenue in prediction markets like Kalshi, which lack state consumer protections. Experts warn that these platforms are inadvertently becoming hotspots for gambling addiction relapses. This raises significant concerns about regulation and the need for better safeguards to protect vulnerable users in the rapidly growing prediction market industry.