
DEVELOPING: Kalshi Faces Existential Threat in Court; Prediction Market Future in Doubt!
DEVELOPING: Kalshi Faces Existential Threat in Court; Prediction Market Future in Doubt!
Prediction market platform Kalshi faces an existential threat from 19 federal lawsuits challenging its regulatory classification, potentially impacting the future of the burgeoning prediction market industry, where billions of dollars in weekly bets are processed. The legal battles center on whether Kalshi's offerings constitute "gaming," a distinction that determines its oversight by the Commodity Futures Trading Commission rather than gambling regulators, as competitors like Robinhood and DraftKings enter the market. While 90% of Kalshi's activity is sports-related, the lawsuits could redefine the regulatory landscape for event-based prediction markets.


















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