Connecticut Judge Rules Kalshi Sports Contracts Never Qualified as Swaps
A federal judge in Connecticut has rejected prediction-market operator Kalshi’s bid for emergency protection from state gambling enforcement, determining that the company’s sports-related event contracts do not meet the legal definition of swaps under federal commodities law. As a result, the Commodity Futures Trading Commission’s… Read More
Read more in: Blockchain & Digital Assets, Politics, Legal & Regulation | Tagged cftc, conneticut, kalshi, prediction markets, regulation