Massachusetts Ruling Allows Temporary Ban on Kalshi Sports Event Markets
A Massachusetts court decision has opened the door for state regulators to force prediction market operator Kalshi to suspend its sports-related offerings, marking a first-of-its-kind injunction against such platforms in the United States. The ruling signals a shift in how courts may treat companies that frame sports wagers as federally regulated financial contracts rather than state-licensed gambling products. Judge Christopher Barry-Smith of Suffolk County Superior Court ruled that Massachusetts authorities can enforce an order requiring Kalshi to stop offering sports-related […] The post Massachusetts Ruling Allows Temporary Ban on Kalshi Sports Event Markets appeared first on World Casino News.
A Massachusetts court decision has opened the door for state regulators to force prediction market operator Kalshi to suspend its sports-related offerings, marking a first-of-its-kind injunction against such platforms in the United States. The ruling signals a shift in how courts may treat companies that frame sports wagers as federally regulated financial contracts rather than state-licensed gambling products. Judge Christopher Barry-Smith of Suffolk County Superior Court ruled that Massachusetts authorities can enforce an order requiring Kalshi to stop offering sports-related […]
The post Massachusetts Ruling Allows Temporary Ban on Kalshi Sports Event Markets appeared first on World Casino News.
