Kalshi and its pursuit of nationwide trading on the outcome of sporting events hit a significant roadblock in Maryland.

Kalshi’s two-win streak ended with a preliminary loss in its lawsuit against Maryland gaming regulators—a shift from prior federal district ...

A federal judge in Maryland on Friday ruled against the prediction market operator Kalshi on whether states can use sports ...

The legal chess match comes ahead of expected M&A in prediction markets. The post Kalshi Going On Offense After Legal Setback ...

A judge has ruled against Kalshi in a preliminary ruling, the first significant court roadblock as the prediction market ...

Shortly after receiving the first adverse ruling in any of the current high-profile matters being litigated against state ...

The landscape of American prediction markets faces fresh uncertainty following a Maryland federal court’s rejection of Kalshi ...

A federal judge in Maryland ruled the prediction market should receive a sports betting license to operate inside Maryland ...

A legal showdown over the classification of sports-based prediction markets escalated on Friday as a federal judge in ...

Because prediction markets are more similar to trading exchanges, they fall under the purview of the Commodities Futures Trading Commission (CFTC), rather than state-based gaming regulators. That has ...

Kalshi received six cease-and-desist letters in relation to their growing number of sports event contracts. As well as Nevada, New Jersey, and Maryland, similar moves were made by Ohio, Illinois ...

Kalshi, a US-based prediction market platform, has filed a lawsuit against the Maryland Lottery and Gaming Control Commission (MLGCC). This legal action comes in response to a cease-and-desist ...