Kalshi sues Nevada and New Jersey regulators over sports-market orders
Kalshi filed lawsuits on 28 March against the Nevada Gaming Control Board and New Jersey Division of Gaming Enforcement after both states issued cease-and-desist orders over its sports event markets. Kalshi is seeking a temporary restraining order in Nevada and argues that federal law gives the Commodity Futures Trading Commission exclusive authority over its trading activity; the states allege the markets violate their gambling laws.
The lawsuits could clarify whether state gambling laws can be enforced against Kalshi’s sports event markets.