Kalshi

Kalshi Faces Massachusetts Lawsuit as Prediction Markets Heat Up

September 15, 2025
Massachusetts Attorney General Andrea Joy Campbell has filed a civil lawsuit against Kalshi, alleging the federally regulated prediction market offered unlicensed sports betting disguised as “event contracts.” The state claims over $1 billion was wagered across 3.4 million bets, seeks damages and penalties, and wants Kalshi to halt operations in Massachusetts. Kalshi says its CFTC-regulated