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Connecticut seeks injunction against Kalshi’s sports event contracts
By SectorWire desk ·
Summary
Connecticut is suing Kalshi and seeking an injunction to stop alleged unlicensed sports wagering on 27 August. Kalshi argues that its contracts are swaps under exclusive CFTC jurisdiction. A federal judge rejected Kalshi’s request to prevent state enforcement earlier this month; the company has appealed.
Why it matters
Connecticut seeks to stop Kalshi’s alleged unlicensed sports wagering, while Kalshi asserts exclusive CFTC jurisdiction and appeals an enforcement ruling.