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Massachusetts Supreme Judicial Court questions Kalshi sports contracts

Regulation

Judges on the Massachusetts Supreme Judicial Court questioned whether Kalshi’s sports-related contracts differ from conventional sports betting during an appeal hearing. Kalshi argues that federal Commodity Futures Trading Commission oversight precludes state intervention; Massachusetts officials say the company needs state sports betting licences. The court’s decision remains pending, and an earlier order blocking the contracts is on hold during the appeal.

The ruling could determine whether Massachusetts can apply its sports betting laws to Kalshi’s sports contracts.

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Crypto.com and Novig sue Missouri over sports event contracts

Crypto.com and Novig have sued Missouri officials in federal court to stop the state enforcing its sports betting laws against their sports event contracts. The suits were filed on Friday as 30-day deadlines expired for six prediction market operators ordered by Attorney General Catherine Hanaway to stop offering the contracts or obtain state authorisation. Crypto.com argues the Commodity Exchange Act gives the CFTC exclusive jurisdiction.

Crypto.com and Novig have taken Missouri officials to federal court in an effort to block enforcement of the state's sports betting laws against their sports event contracts. The suits arrived on Friday, the same day that 30-day deadlines ran out for six prediction market operators told by Missouri Attorney General Catherine Hanaway to halt sports event contracts or secure state authorisation.

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