Kalshi’s attempt to expand its federally regulated sports event contracts into Maryland has hit a legal roadblock. A U.S. District Court judge denied the company’s request for a preliminary injunction, ruling that Kalshi failed to show that federal commodities law overrides state gambling regulation. The … Read more
Kalshi is suing multiple states, arguing its event contracts are federally regulated derivatives, not gambling. Federal judges in Nevada and New Jersey have sided with Kalshi in early rulings. The CFTC dropped its appeal over Kalshi’s election markets, signaling a regulatory shift. States like Illinois … Read more
Alberta’s Bill 48: the iGaming Alberta Act seeks to create a competitive online gambling market. In New Jersey and Nevada, regulators have issued cease-and-desist orders to Kalshi’s sports prediction markets. ATLANTIC CITY, N.J. – Alberta is taking steps to modernize its gambling landscape with the … Read more
Over $50 million has already been traded on Kalshi’s March Madness markets, including roughly $1.5 million on women’s basketball. Unlike sportsbooks, Kalshi operates under CFTC regulations, classifying these bets as financial instruments rather than gambling. Critics argue that event trading circumvents state betting laws, while … Read more
The CFTC is cracking down on sports-related prediction markets, forcing Robinhood Derivatives to halt its Super Bowl betting contracts and investigating platforms like Crypto.com and Kalshi. If the CFTC rules against these platforms, bettors could see their Super Bowl 59 wagers frozen, refunded, or voided … Read more