By SectorWire desk ·
Kalshi began taking sports and political markets offline in Washington State. The outlet linked the sports shutdown to a court order.
The court-linked sports shutdown limits Kalshi’s market offering in Washington State.
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Operators face unresolved gaming definitions as the CFTC deliberates and Nevada and New Jersey assert authority over sports-outcome contracts.
The lawsuit contests whether Wisconsin’s gambling laws apply to Novig’s sports contracts or federal commodities jurisdiction takes precedence.
Sports trading helped prediction market operators exceed their previous monthly volume record.
Recipients face possible administrative, civil or criminal proceedings if they disregard the commission’s demands.
Kalshi’s sponsorships expand MLB prediction market partnerships, with four new partners playing in states that prohibit sports betting.
Novig’s reported $128m opening-week trading volume gives investors a launch benchmark against its claimed comparison with Kalshi.