Kalshi Labels Itself 'Gambling' In Federal Filing As California AG Challenges Prediction Market Oversight

Kalshi Labels Itself 'Gambling' In Federal Filing As California AG Challenges Prediction Market Oversight

Kalshi classified its product under "bookmaking services" and "sports betting" in a federal trademark filing. Meanwhile, California's attorney general says he "firmly disagrees" that federal oversight preempts state regulation of prediction markets.

Kalshi’s trademark misstep comes as Polymarket closes deals

Kalshi is being closely examined for its US trademark application which could confuse people about their branding as a financial exchange versus being a betting establishment because it applies to gambling-related classes of goods. The trademark application has raised concerns within the industry at large because prediction markets are no longer easy to define – they straddle both finance and iGaming. The problems arise from Kalshi’s effort to s…

Kalshi Classifies Itself as ‘Gambling’ in Federal Trademark Request

When Kalshi petitioned the United States Patent and Trademark Office to trademark the term “prediction market” last year, it asked for the scope of its proposed intellectual property rights to cover the gambling industry, even as it continues to claim publicly that its exchange-betting platform does not have anything to do with sports gambling. In […]