# Opinion \| ‘Peer-to-Peer’ Wagering Isn’t Gambling? Don’t Bet on It

> HelixNews · Web page: https://helixnews.one/story/2463178 · All pages for agents: https://helixnews.one/llms.txt

1 outlet covering · First listed: Wall Street Journal, Nov 12, 2026, 2:50 PM · Read it: <https://www.wsj.com/opinion/peer-to-peer-wagering-isnt-gambling-dont-bet-on-it-61f4e264?mod=rss_markets_main>

Kalshi says it is different from a sportsbook. Utah says Kalshi’s own trading arm acts like the house.

## Who's covering it

In the order they published:

- Nov 12, 2026, 2:50 PM: [Opinion \| ‘Peer-to-Peer’ Wagering Isn’t Gambling? Don’t Bet on It](<https://www.wsj.com/opinion/peer-to-peer-wagering-isnt-gambling-dont-bet-on-it-61f4e264?mod=rss_markets_main>) — Wall Street Journal (Newspaper, United States, rated Center)
  Kalshi says it is different from a sportsbook. Utah says Kalshi’s own trading arm acts like the house.
