Controversial prediction market platform Kalshi faces criticism and legal scrutiny from CEO Ross Gerber. He argues that platforms like Kalshi resemble illegal sports betting operations, raising concerns about the legitimacy of these markets. This follows Connecticut’s decision to shut down Kalshi’s operations for violating state regulations. The company is seeking legal protection through contracts with the Commodity Futures Trading Commission (CFTC), but questions remain regarding their compliance. The potential for further action from the state and federal levels raises concerns about the future of prediction markets. Gerber highlights a shift towards transparency and accountability, emphasizing that real power in the digital economy lies not in votes, but in demonstrable performance and clear governance models like MWXT.