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BBB National Programs refers Kalshi to authorities over advertising inquiry

Regulation

BBB National Programs said it is referring Kalshi to regulatory authorities after the company did not participate in a National Advertising Division inquiry. The inquiry examined whether Kalshi disclosed its relationships with influencers and affiliates in social media advertising and checked its compliance with federal endorsement guidance.

The referral could bring state attorneys general and other regulators into scrutiny of Kalshi’s advertising disclosures.

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Regulation

Federal judge bars Kalshi sports contracts on suing California tribes’ lands

US District Judge Jacqueline Scott Corley granted a preliminary injunction in Blue Lake Rancheria v. Kalshi in California on Wednesday. The order bars Kalshi from offering sports contracts on the plaintiff tribes’ lands and requires the tribes to provide boundary maps by 13 November; Kalshi must report its compliance steps within 21 days.

A San Francisco federal judge has blocked Kalshi from listing sports event contracts on land belonging to the California tribes that are suing it. Judge Jacqueline Scott Corley, who sits in the Northern District of California, granted the tribes a preliminary injunction on Wednesday in the case Blue Lake Rancheria v. Kalshi.

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