US EditionKalshi’s Model Is Forcing a Government Rethink on Gambling
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Kalshi’s Model Is Forcing a Government Rethink on Gambling
Kalshi is suing multiple states, arguing its event contracts are federally regulated derivatives, not gambling. Federal judges in Nevada and New Jersey have sided with Kalshi in early rulings. The CFTC dropped its appeal over Kalshi’s election markets, signaling a regulatory shift. States like Illinois and Tennessee continue to push back, citing integrity and licensing concerns. Kalshi’s rapid growth and high-profile advisors point to a growing …
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