< img src = "/uploads/blogs/74/73/ib-freefshbq_8d84b722.png" Alt = "Kalsshi sued the gambling regulators in Nevada and New Jersey"/~ 62 < P > The Kalshi forecast platform filed a lawsuit against the Gaming Gaming Council and the New Jersey Gambling Gaming Department. It happened after regulators demanded to stop trading contracts for sports events in these states.

< P > Kalshi lawyers stated that the company is operating under the supervision of a commission on commodity f & Rsquo; Yvers (CFTC), and its contracts are bilateral swaps rather than a sports rate.

~ < p > co -founder of the project Tarek Mansour stressed that the markets of forecasts & mdash; This is an innovation that is misunderstood from the beginning. However, the company is ready to defend its position in court, according to the entrepreneur.

< P > Kalshi also challenges the ban on contracts provoked; Rsquo; Rsquo; Elected in Nevad, despite the fact that the US court & nbsp; nbsp; nbsp; nbsp; nbsp; their legal in 2024. This allowed the company to offer such contracts at the national level.

< p > Meanwhile CFTC has changed its approach to adjusting. On February 4, 2025, the Acting & Amp; Rsquo; Cereline Fam & Nbsp; Nbsp; Nbsp; the Regulator would focus on fraud and not on forced regulation. This change was positively perceived by market participants after strict supervision of Baiden administration.

< P > CFTC also & nbsp; nbsp & nbsp; legality of contracts for the Super Cup measures proposed by Kalshi and Crypto.com. However, as a result, the regulator did not take measures to ban them, confirming the compliance of contracts with the laws on derivatives in the US.

Natasha Kumar

By Natasha Kumar

Natasha Kumar has been a reporter on the news desk since 2018. Before that she wrote about young adolescence and family dynamics for Styles and was the legal affairs correspondent for the Metro desk. Before joining The Times Hub, Natasha Kumar worked as a staff writer at the Village Voice and a freelancer for Newsday, The Wall Street Journal, GQ and Mirabella. To get in touch, contact me through my natasha@thetimeshub.in 1-800-268-7116