Kalshi Takes Legal Action Against US Regulators Over Sports Wagering Ban
Kate Marshal
31 March 2025
Comment 0
Pictured: Kalshi CEO Tarek Mansour
Prediction market platform Kalshi has filed lawsuits against the Nevada Gaming Control Board (NGCB) and the New Jersey Division of Gaming Enforcement (DGE) after both regulators ordered the company to halt its sports betting operations.
Kalshi CEO Tarek Mansour confirmed the legal battle, arguing that state authorities have misinterpreted the nature of prediction markets.
The lawsuits, filed on March 28, seek to prevent state-level enforcement actions against Kalshi’s sports trading markets, which regulators claim operate illegally.
The platform maintains that its operations are fully compliant with federal law and regulated by the Commodity Futures Trading Commission (CFTC). In a LinkedIn post on March 30, Mansour criticized the state-level crackdowns, stating that the cease-and-desist orders “fundamentally misunderstand prediction markets and undermine the foundation of U.S. financial markets.”
“I can’t speak to why they are taking this action, but prediction markets have proven their use,” Mansour wrote. “So it is a shame that these authorities are still trying to censor them. We are left with no choice: sue.”
Best Bonuses
BitStarz Bonus Code – Welcome Bonus
Активен до: 22.12.2026
BitStarz offers a welcome bonus: up to $500 or 5 BTC, plus extra rewards after your first deposit.
Best Linebet Promo Code for New Users: 2 Welcome Bonuses
Активен до: 22.12.2026
Up to 1766 USD + 150 free spins for casino or a 100% sports bonus up to 117.89 USD on the first deposit.
Working 888starz.bet Promo Code – Sports & Casino Bonus
Активен до: 22.12.2027
Promo code unlocks the full welcome package, including up to €1500 + 150 Free Spins in the casino and up to €400 in sport.
Working Pinco Promo Code 2026 – Elite Welcome Rewards
Активен до: 22.12.2026
New players at Pinco can claim a 160% casino bonus on their first deposit by registering with the promo code GPARK.
Official Fonbet Promo Code 2026 for €3,000
Активен до: 22.12.2026
Choose a multi-stage casino bonus and get up to €3,000 and 225 free spins across your first five deposits.
Bonus Promo code PIN-UP — Special Promo
Активен до: 22.12.2026
Profitable bonus with using our promo code up to €5,000
