Kalshi CEO warns US court rulings could push prediction markets offshore
By SectorWire desk ·
Summary
Kalshi chief executive Tarek Mansour warned at DC Fintech Week in Washington that operators could move abroad if courts allow states to regulate prediction markets. Mansour defended Kalshi’s legal position as states argue sports-related contracts fall under gambling laws, while Kalshi and the CFTC say federal commodities law applies. New Jersey has asked the US Supreme Court to review the dispute.
Why it matters
The outcome could determine whether prediction market operators can continue serving the US market under federal or state rules.