Rising concerns that prediction markets are bypassing state gambling laws

As prediction markets explode in popularity, there are concerns they may bypass state gambling laws. On Tuesday, Arizona's attorney general charged the prediction market Kalshi with operating an illegal gambling operation. A representative from Kalshi said it's not a gambling product, but an exchange overseen by strict Wall Street regulation. Jo Ling Kent reports. Each weekday morning, "CBS Mornings" co-hosts Gayle King and Nate Burleson bring you the latest breaking news, smart conversation and in-depth feature reporting. "CBS Mornings" airs weekdays at 7 a.m. on CBS and stream it at 8 a.m. ET on the CBS News app. Subscribe to "CBS Mornings" on YouTube: https://youtube.com/CBSMornings Watch CBS News 24/7: https://cbsnews.com/live/ Download the CBS News app: https://cbsnews.com/mobile/ Follow "CBS Mornings" on Instagram: https://instagram.com/cbsmornings/ Like "CBS Mornings" on Facebook: https://facebook.com/CBSMornings Follow "CBS Mornings" on X: https://twitter.com/CBSMornings Subscribe to our newsletter: https://cbsnews.com/newsletters/ Try Paramount+ free: https://paramountplus.com/?ftag=PPM-05-10aeh8h For video licensing inquiries, contact: [email protected]

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