Kalshi asks court to block Montana gambling-law enforcement
Kalshi has sued Montana officials in federal court, seeking to stop enforcement of state gambling laws against its event-contract platform. Montana’s Gambling Control Division concluded that the offerings constituted illegal gambling and issued a cease-and-desist order; Kalshi argues that federal law places its operations under the exclusive oversight of the Commodity Futures Trading Commission.
The case will test whether Montana can apply its gambling laws to Kalshi’s event contracts despite the company’s federal oversight claim.