The ongoing debate over prediction markets has taken a new turn with Kalshi and Rhode Island suing each other. The lawsuit marks the latest challenge to the legitimacy of prediction markets, which have been gaining popularity in recent years. Kalshi, a platform that allows users to bet on real-world events, has been at the center of this controversy. The implications of this lawsuit are significant, as it could set a precedent for the regulation of prediction markets across the country.

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