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Another bettor noted that gambling debts fractured personal relationships: “Sports betting ruined my six years of friendship because I couldn’t pay back the borrowed loan from my friend. He stopped talking to me.”

Americans wagered nearly $167 billion on sports in 2025 through regulated sportsbooks, an 11% increase year-over-year, according to data from the American Gaming Association (AGA).

The blurring line between financial investing and gambling has been accelerated by the rise of prediction markets—exchanges offering event contracts that are federally regulated as financial derivatives. U.S. News found that over 40% of active sports bettors now also participate in sports prediction markets.

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Hey @Kalshi thanks for the lifetime ban from your gambling platform.

Let’s see how much longer you guys are around for.

Santos went on to call Kalshi an “unserious company”, claiming that it also “violates its own notices and deadlines”. 

By the way @Kalshi is such an unserious company it violates its own notices and deadlines lol.

On August 7th they gave us a 30 day notice and today they leaked/ announced once again their frivolous nonsense.

Leaking and attention seeking seem to be the M/O of this…