Kalshi is suing Nevada and New Jersey gaming regulators over sports-related contracts

From Cointelegraph

March 29, 2025 12:02:00 PM:

Prediction market Kalshi is suing Nevada Gaming Control Board and New Jersey Division of Gaming Enforcement over sports-related contracts. Kalshi’s legal team argues contracts fall under CFTC jurisdiction, not state regulators. They claim market is misunderstood innovation. CFTC shifts focus to fraud enforcement, welcomed by industry firms. CFTC probes Super Bowl event contracts by Kalshi and Crypto.Com.

Read more at Cointelegraph: Kalshi sues Nevada and New Jersey gaming regulators