Kalshi sues Maryland regulator over cease-and-desist order
KalshiEX LLC filed a lawsuit against the Maryland Lottery and Gaming Control Commission, challenging its cease-and-desist order over event-based contracts, particularly those tied to sports. Kalshi argues that federal oversight by the Commodity Futures Trading Commission pre-empts Maryland’s action; the case was filed in the US District Court for Maryland.
The dispute concerns whether Kalshi’s sports-related contracts fall under federal oversight or Maryland’s state gambling rules.