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Warren Buffett has raised concerns about America's gambling culture, stating it undermines long-term investing. His comments come as prediction markets like Kalshi gain popularity, allowing users to engage in alternative betting methods. The expansion of sports betting has raised alarms about gambling addiction, particularly among youth, prompting ongoing legislative efforts to regulate access.
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Warren Buffett has raised concerns about America's gambling culture, stating it undermines long-term investing. His comments come as prediction markets like Kalshi gain popularity, allowing users to engage in alternative betting methods. The expansion of sports betting has raised alarms about gambling addiction, particularly among youth, prompting ongoing legislative efforts to regulate access.
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Buffett and Kalshi: Two views of America's gambling boom
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