Kalshi court losses pile up as judges refuse to block state gambling laws
Summary
Prediction market platform Kalshi suffered setbacks in federal court after appeals judges declined to block state gambling regulations. The company faces ongoing legal challenges regarding state laws, including a recent lawsuit initiated by the attorney general of Arkansas.
Kalshi is having a bad week in the federal court system. Two circuit appeals courts rejected the prediction market's latest attempts to block state gambling laws in Connecticut, New York, and Nevada. Kalshi is separately facing a new lawsuit filed by the Arkansas attorney general. In all cases involving Kalshi and state governments around the US, the main issue is…
Source: Read the full story at Ars Technica - All content
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