New Jersey Challenges Kalshi’s Sports Betting Model in Supreme Court
New Jersey has petitioned the Supreme Court to clarify whether sports betting on prediction markets like Kalshi falls under state gambling regulations or federal swap definitions.
Tag Kalshi
Kalshi’s Legal Setback: Court Rules Against Sports Betting Claims
A federal appeals court has ruled that Kalshi cannot bypass Nevada's gambling laws by labeling its sports bets as swaps, reinforcing state regulatory authority over prediction markets.
Washington Court Halts Kalshi’s Sports Betting Operations
A Washington state judge has ordered Kalshi to cease its sports betting and other wagering activities, citing violations of state gambling laws.
New York Files Lawsuit Against Kalshi for Alleged Illegal Gambling Operations
The state of New York has initiated legal action against Kalshi, accusing the online prediction market platform of operating an illegal gambling enterprise.
Federal Court Blocks Minnesota’s Ban on Prediction Markets
A federal court has issued a preliminary injunction against Minnesota's law prohibiting prediction markets, allowing platforms like Kalshi and Polymarket to continue operations while legal questions remain.
France Intensifies Restrictions on Polymarket Access
The French gambling authority has mandated ISPs to block Polymarket, reinforcing its stance against the prediction market.
Kalshi Faces Regulatory Conflict as CFTC Blocks Michigan Orders
Kalshi is caught in a regulatory crossfire as the CFTC intervenes against a Michigan court ruling, complicating its operations in the state.
Kalshi Challenges Illinois Prediction Market Restrictions in Court
Kalshi has initiated legal action against Illinois officials over new legislation that it claims unlawfully restricts its prediction market operations.
CFTC Approves Crypto Perpetual Futures Contracts, Signaling Regulatory Shift
The CFTC has issued a no-action position for Coinbase and approved Kalshi's perpetual futures contracts, indicating a more favorable regulatory stance towards crypto derivatives.
CFTC Faces Divergent Views on Prediction Market Regulations
The CFTC's proposed rules for prediction markets have elicited over 1,500 responses, revealing a split between support for regulatory guidance and calls for stricter oversight.
