Kalshi Lawsuit: Challenging Nevada and New Jersey Gaming Regulators in Innovative Prediction Markets Case
Kalshi, a prediction Market platform, is suing the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement after receiving cease and desist orders to stop its sports-related contracts in these states. Kalshi argues that its contracts fall under the Commodity Futures Trading Commission (CFTC) jurisdiction, meaning state regulators shouldn’t interfere. The company’s ...
