Kalshi and prediction market sector embroiled in mixed bag of legal fights across U.S.
Some of the many battles with state gaming regulators aren’t going well for the industry at the moment, but it isn’t without its would-be government protectors.
Make preferred on
Share this article
Summary
- The prediction markets — with Kalshi serving as the poster company — have been trying to put out legal fires in states all over the U.S., as the industry seeks to argue during a busy week in court that state regulators shouldn’t have authority.
- The legal fight continued to struggle in Nevada and Michigan, though live arguments are being made in Minnesota and in a potential elevation to the U.S. Supreme Court.
- Meanwhile, North Carolina is close to instituting a state tax on prediction market revenue.
