Attorney outlines US disputes over sports prediction markets
An interview with attorney Stephen Piepgrass examined US disputes over whether sports event contracts fall under federal or state gambling rules. Piepgrass said New York had agreed to pause enforcement against Kalshi until a court rules on its preliminary injunction motion; briefing was expected to conclude by 15 December, followed by a hearing.
The pending court decision could affect how prediction-market platforms and state gambling regulators approach sports event contracts.