Kalshi’s case against the states rests on a single claim: that its event contracts are swaps, putting them under exclusive federal jurisdiction. Two federal appeals courts have now split on whether that holds for sports. Gambling Insider rebuilt Kalshi’s entire trade record and found that the contracts with the strongest claim to being swaps — […] The post Kalshi’s Strongest Legal Defense Leg Rests on Less Than 1% of Its Business appeared first on Gambling Insider.
Source: Gambling Insider →