Maryland federal court seeks briefs on Kalshi sports event contracts

A Maryland federal judge questioned Kalshi’s arguments on whether sports event contracts fall under federal jurisdiction, according to reporting on the court exchanges. Judge Abelson requested supplemental briefs from both sides on how Kalshi’s positions in earlier cases should inform the dispute. Maryland’s gaming commission argues that the contracts amount to illegal gambling, while Kalshi says they are derivatives regulated by the CFTC.