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Kalshi's Legal Battle Over Prediction Markets | Portland Maine News
Published 4 days, 11 hours ago
Description
Kalshi’s prediction markets are sparking a legal firestorm as states accuse the company of running an unlicensed sportsbook, while Kalshi insists it’s a federally regulated derivatives exchange. With courts split on whether these markets fall under federal or state control, the outcome could reshape the future of financial betting nationwide — and decide whether prediction markets are trading or gambling.
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