Connecticut Sues Kalshi to Shut Down Its Sports Contracts
Connecticut has sued Kalshi to block its sports event contracts, escalating a dispute over whether prediction markets fall under federal or state oversight.
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Kalshi Prediction Market Battle
Kalshi faces a wave of state lawsuits and regulatory clashes (New York, Minnesota) over whether its sports-event contracts are illegal gambling, with the CFTC intervening to preserve federal jurisdiction.
Washington Court Orders Kalshi to Block Sports and Election Bets
A Washington court orders Kalshi to halt most event contracts, restrict advertising and introduce stronger geofencing while allowing financial markets to continue.
Baltimore Sues Kalshi and Polymarket Over Unlicensed Sports Betting
Baltimore sues Kalshi and Polymarket over alleged illegal sports betting, with Coinbase, Robinhood and Webull also named in the city’s Kalshi case.
CFTC Invokes Emergency Power to Keep Kalshi Operating in New York
The CFTC has ordered Kalshi to continue operating in New York as the state challenges its sports prediction contracts under gambling laws.
New York Sues Kalshi Over Alleged Illegal Gambling, Seeks at Least $36B in Damages
New York has sued Kalshi over alleged illegal gambling operations, seeking at least $36 billion in damages while moving to block the prediction market platform in the state.
Federal Judge Blocks Minnesota's Prediction Market Ban
A federal judge has temporarily blocked Minnesota's prediction market ban, allowing Kalshi and Polymarket to continue operating while a legal challenge over federal jurisdiction moves forward.