Kalshi Asserts States Lack Jurisdiction Over Prediction Markets, Criticizes Washington Spending
2026-07-21 13:13

Woofun AI reports that Kalshi maintains U.S. states lack the legal authority to regulate prediction markets, a position supported by case law from courts including the U.S. Court of Appeals for the Third Circuit. The company criticized Washington State for continuing to allocate public financial resources toward regulatory actions, asserting that oversight should remain at the federal level.

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