The federal court decides that Kalshi is unlikely to prevail on either of its central legal arguments, while noting that sports generated up to 90% of the prediction market’s revenue. A Connecticut federal judge has denied Kalshi’s request to block the state from enforcing its gambling laws against the prediction market, finding that its sports […] The post Connecticut Judge Finds Kalshi Sports Contracts Are Not Swaps, Rejects Preemption Bid appeared first on Gambling Insider.
Source: Gambling Insider →