Federal regulation looms as 11 states go after prediction markets
By Cointelegraph by Aaron Wood••Cointelegraph
Kalshi is facing off with state regulators around the US, who claim that prediction markets are a form of gambling and recognize that they are a significant source of potential revenue.
Momentum is building across US states to regulate or restrict prediction markets, with multiple legal actions targeting platforms such as Kalshi. On March 20, Carson City District Court Judge Jason …