Asset Class: Old Law, New Lawsuits - Front Office Sports

Prediction Platforms Skirt Sports Betting Protections, States Argue

More than 30 state attorneys general are backing New Jersey in a case against Kalshi, a prediction exchange that enjoys federal protections and is not subject to state regulations on sports betting.

Asset Class: Old Law, New Lawsuits - Front Office Sports

Five new lawsuits filed in five different states allege Kalshi’s and Robinhood's sports event contracts are illegal sports betting products.

List Of Plaintiffs Agaisnt Kalshi Grows

List Of Plaintiffs Agaisnt Kalshi Grows Michel Anderson Tue, 06/17/2025 - 10:57 The list of groups demanding that prediction market operator Kalshi stop issuing sports event contracts continues to grow. Anti-gambling groups, including Stop Predatory Gambling (STG), have banded together against the growing prediction market firm, as have Indian tribes through the Indian Gaming Association (IGA).   Image Key Highlights + Unjust, Unjust…