Event-betting platform Kalshi has sued New York state regulators for overreach, staging a preemptive strike weeks after Crypto.com lost a similar case in Nevada.

Kalshi argues that the CFTC has exclusive jurisdiction over derivatives on federally regulated exchanges, and state ...

Sports betting stocks, including DraftKings, have recently been sapped by the rise of prediction markets, but this ...

Kalshi sues New York over sports prediction market shutdown, claiming federal derivatives authority preempts state gambling ...

New York became the latest state to start a legal fight with Kalshi after the regulators sent a cease-and-desist letter to ...