Prediction-market litigants debate sports contracts as state cases continue
A panel at the National Council of Legislators From Gaming States' summer meeting brought together a Kalshi lawyer and counsel for a California tribe amid litigation over sports event contracts. The CFTC is reviewing their treatment, and lawsuits continue in Maryland; Kalshi has secured preliminary injunctions in Nevada and New Jersey, while 27 federally recognised tribes sought to file an amicus brief in Maryland.
The disputes concern whether sports event contracts fall under state gambling rules or federal oversight.