Kalshi Lawsuits Over Gaming Conflicts: Exploring Regulatory Crossroads

Financial prediction platform Kalshi has initiated lawsuits against Nevada and New Jersey gaming regulators, raising complex questions about regulatory jurisdiction and federal oversight in the realm of gambling. The company’s legal actions stem from a conflict between state gaming regulations and federally-regulated commodity exchanges. Kalshi claims these actions jeopardize its operations and undermine the Commodity Futures Trading Commission’s authority granted by Congress. ]