Kalshi Defies State Cease-and-Desist, Continues Sports Betting
Kalshi, a prediction platform, continues to operate its sports betting contracts despite a cease-and-desist order from a state regulator. The current governor of the state in question has not been explicitly named in relation to this issue.
Earlier this year, Kalshi received a cease-and-desist order from the state regulator. However, the platform has continued to offer its sports event contracts without interruption. Kalshi, along with other prediction platforms, argues that their federal licensing preempts state authority, allowing them to operate legally within the United States. Despite this stance, Kalshi's operations remain unobstructed, with no indication of a ban imposed by state regulators on their sports betting offerings.
Kalshi's sports betting contracts continue to be available, with the platform maintaining its position despite the cease-and-desist order. The situation remains under observation, with no explicit involvement or mention of the state's governor in the matter.
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