Kalshi Under Fire: Prediction Market Faces Legal Challenges
Update: 2025-09-18
Description
Prediction market Kalshi is under fire! Despite hitting a record $1 billion in monthly trading volume, state regulators are cracking down, arguing it's just unlicensed sports betting. Massachusetts is leading the charge with a lawsuit to block Kalshi completely, citing concerns over underage users and lack of state oversight. Kalshi is fighting back, claiming federal regulation should allow nationwide operation, but with multiple lawsuits pending, the future of prediction markets hangs in the balance.
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