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Kalshi sues Montana over renewed enforcement threat

Regulation

Kalshi filed a federal lawsuit against Montana officials, seeking a permanent injunction and declaratory relief over a state enforcement order concerning its event contracts. The company says a 6 April cease-and-desist letter violated an agreement to defer enforcement while litigation in Nevada proceeded; Montana officials had not been officially served when contacted.

The case challenges Montana’s authority to enforce gambling laws against Kalshi’s event contracts and seeks to prevent state action.

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Thirty-seven states back New York in Kalshi sports-betting case

Thirty-seven US states, the District of Columbia and the Northern Mariana Islands submitted a brief supporting New York against Kalshi to the Second Circuit Court of Appeals. Registered on 6 November, the brief argues that federal derivatives law should not prevent states from enforcing sports-betting and consumer-protection rules; a separate group of 38 states filed a Wisconsin brief concerning Polymarket, Coinbase, Robinhood and Crypto.com.

A coalition of 37 US states, the District of Columbia and the Northern Mariana Islands has filed a brief supporting New York in its case against Kalshi at the Second Circuit Court of Appeals. The brief, filed on 6 November, argues that federal derivatives law should not prevent states from applying sports-betting and consumer-protection rules.

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