✉news WorldLaw & Courts first seen 19 h ago, last 19 h ago, peak #35
Kalshi loses again as judges rule prediction markets must obey gambling laws
Courts have ruled against prediction market operator Kalshi in a further setback, with judges finding that its event contracts must comply with state and federal gambling laws rather than being treated solely as regulated financial instruments. The decisions add to Kalshi's mounting legal defeats as regulators and states challenge its expanding sports and event betting markets.
Why now: Fresh judicial rulings against Kalshi have direct consequences for the fast-growing prediction markets industry and its regulatory status
Evidence
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