Kalshi leads prediction markets’ $3 million effort to fight off state regulations

Kalshi Sues Louisiana Over 'Threat' To Its Sports Contracts

Kalshi filed preemptive litigation against Louisiana state officials and entities saying their actions and statements deeming prediction market activities unlicensed gambling means it's facing "a threat of irreparable harm, leaving [it] with no choice to protect its commercial interests and those of its users except to bring this suit."

Kalshi leads prediction markets’ $3 million effort to fight off state regulations

State attorneys general are leading the regulatory fight against prediction markets.

Kalshi Sues Louisiana to Block Sports Contract Enforcement

The exchange is seeking protection before an anticipated state crackdown. The lawsuit creates another possible appellate route in the nationwide dispute over who regulates sports event contracts.

Kalshi pre-emptively sues Louisiana, noting state’s new illegal gambling laws

KEY TAKEAWAYS Kalshi sued Louisiana in federal court on Oct. 23, extending the prediction markets litigation battle into Fifth Circuit territory for the first time. The company pointed to the state’s new illegal gambling laws, which criminalize all unauthorized “gambling by computer.” Kalshi argued that Louisiana officials would violate federal law by seeking to shut down sports event contracts, and asked the court for injunctions against the s…

Kalshi Sues Louisiana Attorney General To Prohibit State Gambling Laws

Prediction market operator Kalshi is not taking any chances in Louisiana. Kalshi filed a lawsuit against Louisiana and Attorney General Liz Murrill to prohibit the state from enforcing its state gambling laws. Kalshi believes the state will “imminently bring an enforcement action with the intent to bar Kalshi from offering event contracts,” noting actions taken … Continued