Kalshi May Face Massachusetts Lawsuit Over Alleged Unlicensed Sports Betting Despite Claim of CFTC Regulation; Ethereum Referenced
The post Kalshi May Face Massachusetts Lawsuit Over Alleged Unlicensed Sports Betting Despite Claim of CFTC Regulation; Ethereum Referenced appeared on BitcoinEthereumNews.com.
The Kalshi lawsuit alleges the platform offered unlicensed sports wagering in Massachusetts by categorizing bets as “event contracts.” Kalshi says it is federally regulated by the CFTC and will defend its business model in Suffolk County Superior Court as a protected prediction market innovation. Kalshi lawsuit alleges unlicensed sports wagering under Massachusetts law Kalshi states it is regulated by the Commodity Futures Trading Commission (CFTC) at the federal level. Massachusetts claimed 75%+ of Kalshi’s volume was sports-related as of May 2025, higher than some established operators. Kalshi lawsuit: Massachusetts accuses Kalshi of unlicensed sports wagering; read concise legal analysis, regulatory context, and what investors should watch next — learn more. What is the Kalshi lawsuit? The Kalshi lawsuit is a civil action filed by the Commonwealth of Massachusetts alleging that Kalshi offers unlicensed sports wagering to state residents by listing sports-related event contracts. The suit seeks to enforce Massachusetts gambling statutes against Kalshi while Kalshi maintains it falls under federal CFTC oversight. ‘, ‘ 🚀 Advanced Trading Tools Await You!Maximize your potential. Join now and start trading! ‘, ‘ 📈 Professional Trading PlatformLeverage advanced tools and a wide range of coins to boost your investments. Sign up now! ‘ ]; var adplace = document.getElementById(“ads-bitget”); if (adplace) { var sessperindex = parseInt(sessionStorage.getItem(“adsindexBitget”)); var adsindex = isNaN(sessperindex) ? Math.floor(Math.random() * adscodesBitget.length) : sessperindex; adplace.innerHTML = adscodesBitget[adsindex]; sessperindex = adsindex === adscodesBitget.length – 1 ? 0 : adsindex + 1; sessionStorage.setItem(“adsindexBitget”, sessperindex); } })(); How does Massachusetts say Kalshi violated state law? Massachusetts’ complaint, filed in Suffolk County Superior Court, argues Kalshi masks sports bets as “event contracts” to evade the state’s sports wagering regulations. The filing cites internal volume figures and market composition data, asserting sports-related trading dominates Kalshi’s platform activity. In comments to Cointelegraph, Kalshi claimed that Massachusetts is “trying to…
Filed under: News - @ September 13, 2025 1:17 am