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After bankruptcy, he was banned from sports betting sites. Then he discovered Kalshi

Saturday, October 3, 2026 1:44 PM
Image aggregated from National Public Radio.
  • Bobby Allyn, National Public Radio

During the pandemic, Thomas thought he would give DraftKings and FanDuel a try. Before long, he formed a habit.

“I could have ten drinks one night and then be fine with not drinking again for a year,” said Thomas, 35, who asked to be identified by his middle name fearing his problem gambling history could affect his career. “But sports gambling was different. It really got me.”

He never cared much for sports. Yet betting on games seemed like an easy way to make a buck. He started placing wagers on football and tennis mostly using parlays, which are difficult-to-win bets that require multiple things happening in one game in order to land an enticing payout.