Tag: Kalshi

Kalshi scored another court victory in their battle against state regulators on Monday. A New Jersey judge granted the company a preliminary injunction that allows their sports prediction markets to continue. The New

The Commodity Futures Trading Commission (CFTC) announced that a roundtable to discuss sports prediction markets, scheduled for April 30th, will not take place. Many stakeholders opposed to the spread of event contracts

Kalshi submitted a 16-page document to the court in New Jersey, defending their position that designated contract markets are under the authority of the Commodity Futures Trading Commission (CFTC). New Jersey issued

Kalshi refuses to back down against state regulators and has filed a lawsuit in Maryland. This is in response to the cease-and-desist letter that the Maryland Lottery and Gaming Control Commission (MLGCC) sent on April

New Jersey Attorney General Matthew Platkin has submitted his opinion to the courts in the state’s case against Kalshi. He claims sporting event contracts are no more than sports betting and must comply with state

Despite opposition from state regulators, Kalshi had added NHL moneylines to its sports event markets. The NHL markets follow the site creating events for NBA and MLB match winners last week. The pro hockey markets

Betting legal expert Daniel Wallach has claimed that states could use the federal wire act in their fight against sports prediction markets. The Federal Wire Act of 1961 makes it illegal to “Knowingly use a wire

Kalshi continues to push the boundaries of what markets are acceptable under its prediction market business model. MLB moneylines appeared on the website on Wednesday for the first time. Users can now “predict” or

Steven Fulop gave signs of endorsement for Kalshi’s election prediction markets by interacting with the company on Twitter/X. Fulop responded to a post on X showing that he was gaining support in the market,

The full ruling in Kalshi’s case in Nevada came out yesterday, which was good news for the event contracts company. Chief Judge Andrew Gordon filed the ruling after granting Kalshi a temporary restraining order in