Kalshi Files Lawsuit Against Nevada and New Jersey Gaming Regulators
- Kalshi has sued the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement.
- The lawsuit challenges bans on trading contracts related to sports events in these states.
- Kalshi claims its markets are regulated by the Commodity Futures Trading Commission (CFTC).
- CFTC shifted focus to fraud prevention over strict regulation as of February 4, 2025.
- The CFTC investigated Super Bowl event contracts offered by Kalshi but took no action.
Kalshi’s lawsuit against state gaming regulators highlights its reliance on CFTC oversight, which recently emphasized fraud prevention over strict regulation, as noted in their handling of Super Bowl event contracts.
Source (2.6)https://hodl.press/kalshi-sues-nevada-and-new-jersey-gaming-regulators/?rand=24434
