Kalshi sues Missouri officials over prediction-market regulation
Kalshi sued the Missouri Gaming Commission and state officials, arguing that federal authorities have exclusive jurisdiction over its prediction-market contracts. Missouri says the contracts constitute sports bets subject to state licensing and tax rules; the dispute follows cease-and-desist letters that set an October 16 compliance deadline.
Operators and regulators should watch the dispute because it may clarify whether Missouri licensing and tax rules apply to Kalshi’s contracts.