Judge grants Massachusetts injunction against Kalshi sports offers
igamingbusiness.com • • business
Key Points:
- Massachusetts secured a preliminary injunction allowing the state to enforce its ban on Kalshi's sports contracts, requiring the prediction market to obtain a sports betting license to operate legally.
- Judge Christopher Barry-Smith ruled that Kalshi's platform resembles digital gambling, offering proposition bets and parlay contracts, which fall under Massachusetts' sports wagering regulations.
- Kalshi faces multiple lawsuits nationwide, including in Nevada, New Jersey, and Maryland, with courts differing on whether its contracts constitute illegal gambling or fall under federal commodities regulation.
- While Kalshi won a case in California allowing operation on tribal lands under CFTC regulation, it continues to face legal challenges from regulators in states like New York and Ohio.
- Massachusetts Attorney General Andrea Campbell emphasized the importance of licensing to mitigate
