Connecticut tribes challenge Kalshi prediction market over gaming law violations and revenue impact
Bitcoin News

Kalshi Prediction Market Sparks Explosive Legal Battle as Connecticut Tribes Allege Gaming Law Violations

In a landmark legal confrontation shaking the financial and gaming sectors, Native American tribes in Connecticut have launched a decisive challenge against the rapidly growing Kalshi prediction market platform. Filed in Hartford, Connecticut, in early 2025, their court brief supports a state regulatory crackdown, alleging Kalshi’s operations illegally siphon revenue from tribal casinos and violate […]

Legal ruling allows Kalshi prediction market to resume Tennessee operations during CFTC review.
Bitcoin News

Kalshi Tennessee Operations Resume After Stunning Court Ruling on CFTC Regulation

NASHVILLE, Tenn. – In a significant development for the financial technology sector, a U.S. federal court has issued a temporary order allowing prediction market platform Kalshi to resume its Tennessee operations. This pivotal ruling, delivered on March 15, 2025, suspends a state cease-and-desist order and centers on a fundamental legal clash: whether a platform regulated […]