1h yang lalu
Kalshi files preemptive federal lawsuit against Iowa over sports event contracts
Prediction market Kalshi filed a preemptive lawsuit in an Iowa federal court against Attorney General Brenna Bird and state gaming regulators, alleging a substantial risk of future enforcement over its sports event contracts. The firm argues that federal law and its status under the Commodity Futures Trading Commission shield it from Iowa gambling regulations, while several other U.S. states have brought or faced similar actions concerning whether its contracts constitute unlicensed gambling.