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Mass. court halts Kalshi's sports bets pending license

1 min read
Source: igamingbusiness.com
Mass. court halts Kalshi's sports bets pending license
Photo: igamingbusiness.com
TL;DR

Massachusetts won a preliminary injunction forcing Kalshi to stop offering sports event markets until it secures a sports wagering license, with the order taking effect Friday and Kalshi’s option to appeal. The ruling reinforces regulators’ view that Kalshi’s sports contracts resemble gambling and must be licensed, a stance reflected in ongoing suits against Kalshi in several states, including Nevada, New Jersey, Maryland, and California.

Topics:businessgaming-regulation#gaming-regulation#injunction#kalshi#massachusetts#prediction-markets#sports-betting
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  1. Judge grants Massachusetts injunction against Kalshi’s sports offers  igamingbusiness.com
  2. Kalshi cannot operate sports-prediction market in Massachusetts, judge rules  Reuters
  3. Kalshi Sports Bets to Be Banned in Massachusetts, Court Says (2)  Bloomberg Law News
  4. Massachusetts Can Ban Kalshi Sports Markets for Now, Judge Rules  Yahoo Sports
  5. Massachusetts Ruling Impacts Boyd Gaming (BYD) and Other Betting Firms  GuruFocus

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