Massachusetts Attorney General Alleges Prediction Market Kalshi Violating Gambling Laws

Massachusetts sues Kalshi alleging illegal sports gambling

Massachusetts argues Kalshi is making more money on sports wagers than legal, licensed sportsbooks.

Massachusetts Attorney General Alleges Prediction Market Kalshi Violating Gambling Laws

Kalshi's prediction markets for sports resemble licensed sports wagering products, the lawsuit said.

Massachusetts Sues Kalshi Over Unlicensed Sports Betting - FinanceFeeds

What the Lawsuit Alleges Massachusetts Attorney General Andrea Joy Campbell filed a lawsuit Friday against Kalshi, accusing the federally regulated prediction markets platform of violating state gambling laws. The case focuses on Kalshi’s sports event contracts, launched in January 2025, which the AG argues constitute unlicensed sports wagering under Massachusetts law.The lawsuit seeks to block Kalshi from offering sports-related prediction mark…

Urgent: Massachusetts Files Kalshi Lawsuit Over Unlicensed Prediction Market Operations

BitcoinWorld Urgent: Massachusetts Files Kalshi Lawsuit Over Unlicensed Prediction Market Operations The world of decentralized finance and innovative platforms often pushes the boundaries of traditional regulation. Recently, a significant development has unfolded, placing the spotlight squarely on prediction markets. The Kalshi lawsuit filed by the Massachusetts Attorney General marks a critical moment, raising questions about licensing, compli…

Massachusetts Sues Kalshi To Block Sports Prediction Markets

The Massachusetts AG sued Kalshi on Friday, seeking to “permanently” stop the platform from offering sports event contracts in the state.