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MGCB withdraws from NCPG over Kalshi membership

Regulation

Michigan’s MGCB withdrew its membership from the National Council on Problem Gambling, citing the council’s admission of Kalshi. The board said the association risked confusing consumers about protections and licensing; the NCPG had said it does not take positions on the legality of specific platforms. Michigan staff will leave the council’s boards and committees, and the state cancelled its conference sponsorship.

Regulators and operators should note that Kalshi’s NCPG membership has strained relations over consumer protections and licensing.

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Regulation

Kalshi rejects treating its sports contracts as traditional bets

Kalshi said its sports event contracts should not be treated as traditional sports bets, arguing that users trade against one another through an order book while the platform earns transaction fees. The company favours federal oversight by the Commodity Futures Trading Commission, while states challenging its activity argue that the contracts fall under state gambling laws.

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