Kalshi sues Iowa officials over state authority for prediction markets
Kalshi filed a federal lawsuit against Iowa’s attorney general and racing and gaming commission, seeking to block potential state enforcement against its event-contract platform, according to the report. The company argues that federal oversight applies; meanwhile, a state senate committee has approved a bill proposing licensing and taxation for prediction-market platforms.
The lawsuit and proposed licensing rules could determine whether Kalshi can offer event contracts in Iowa.