The Kalshi prediction market platform has promised to fight a new demand for the Massachusetts state of the United States, which accuses the company of offering sports bets without a license to residents.
“We are proud to be the company that has been a pioneer in this technology and is ready to defend it once again in a court of justice,” Kalshi spokesman said on Friday to Cointelegraph on Friday.
“Prediction markets are a critical innovation of the 21st century, and all Americans should be able to access them,” Kalshi added.
Kalshi is prepared to fight in the midst of other legal challenges
The civil lawsuit, presented on Friday by the Commonwealth of Massachusetts in the Super County Court of Suffolk, claimed that Kalshi disguises sports as “event contracts” and violates the strict state’s game laws.
“Kalshi is violating the strict laws and regulations of sports bets of the Commonwealth by offering sports without license to Massachusetts residents,” the presentation said.
In addition, he said that as of May 2025, more than three quarters of Kalshi’s commercial volume come from sports: a larger participation, according to the presentation, that the giants of the Draftkings or Fanduel industry.
However, Kalshi spokesman said that Massachusetts regulators chose legal actions on directly resolving the matter:
“Instead of participating in the dialogue with Kalshi as many other states have done, Massachusetts is trying to block Kalshi’s innovations by trusting obsolete laws and ideas.”
Kalshi argues that it is regulated by the CFTC
Kalshi has previously argued that the Basic Products Future Trade Commission (CFTC) regulates it at the federal level and does not fall under the jurisdiction of the state game.
He has received orders of cessation and withdrawal of other states, including Arizona, Montana, Ohio and Illinois.
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The case occurs when the blockchain prediction market is preparing to launch in the US.
Citing sources familiar with the conversation, Business Insider reported Friday that Polymket is exploring the re -entry of the USA. UU. While looking for new funds that could more than triple its valuation in June of $ 1 billion. An investor valued the company up to $ 10 billion.
A few days arrives after the Polymeket CEO, Shayne Coplan, said in an X post on September 4 that “the CFTC has given green light to the green light to go to life in the US. UU.”
“Be attentive,” he added.
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