Overview
- Attorney General Andrea Joy Campbell will ask a Suffolk County judge for a preliminary injunction blocking Kalshi from offering sports markets in Massachusetts, alleging an unlicensed gambling operation.
- A Nevada federal judge recently dissolved an injunction shielding Kalshi and ruled its prebuilt parlays and player‑prop‑style markets are not swaps under the Commodity Exchange Act.
- Kalshi has filed an emergency motion to stay the Nevada ruling pending appeal, and Nevada authorities said they would oppose a stay though they agreed to pause enforcement during the court’s consideration.
- Connecticut issued cease‑and‑desist orders to Kalshi, Robinhood, and Crypto.com, alleging unlicensed online sports gambling and violations such as failing to restrict wagering to those 21 or older.
- Federal courts have split on state enforcement, with a Maryland judge siding with regulators and a New Jersey judge blocking enforcement, as competitors like Polymarket and Fanatics expand sports-focused offerings.