Overview

• On Monday, the CFTC-regulated exchange notified the agency that it is listing in-game sports event contracts that include touchdowns, point spreads and over/unders.
• The new markets are currently limited to football, according to the company.
• A Maryland federal judge recently denied Kalshi a preliminary injunction against state enforcement, and the company has appealed to the Fourth Circuit.
• Earlier this year, federal courts in Nevada and New Jersey granted Kalshi injunctions, creating a split that could yield conflicting appellate rulings.
• Regulators in multiple states and three California tribes have sued over the offerings, while Kalshi cites rapid growth, a Robinhood partnership and more than $2 billion in sports event contracts traded this year.