Prediction Market Kalshi Sues Nevada and New Jersey Gaming Commission
2025-03-30 00:11:32
Prediction market Kalshi sued gaming regulators in Nevada and New Jersey after receiving cease-and-desist orders barring it from offering contracts related to sporting events in both states, arguing that as an exchange regulated by the Commodity Futures Trading Commission, it is subject to exclusive federal regulation and that the Commodity Exchange Act takes precedence over state law.
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