Kalshi ‘Ready to Defend’ Prediction Markets in Massachusetts Lawsuit Over Unlicensed Sports Betting
Prediction market pioneer Kalshi has made it clear: the company is prepared to defend its innovative platform amid a new lawsuit from Massachusetts regulators, who allege that Kalshi’s sports contracts constitute illegal, unlicensed betting for residents of the state. Promising to fight outdated legal frameworks, Kalshi argues that prediction markets are a critical 21st-century financial…