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Home - News - Kalshi ‘Ready to Defend’ Prediction Markets Amid Massachusetts Lawsuit

NewsCrypto Investment

Kalshi ‘Ready to Defend’ Prediction Markets Amid Massachusetts Lawsuit

Oladapo Timothy
Last updated: September 24, 2025 11:34 am
Oladapo Timothy
Published: September 24, 2025
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Disclosure: BTCRepublic provides analysis and forecasts but does not offer investment advice. Our content is for informational purposes only. Please conduct your own thorough research and consult with a financial advisor before making any investment in cryptocurrency.
Kalshi ‘Ready to Defend’ Prediction Markets Amid Massachusetts Lawsuit

Prediction market platform Kalshi has vowed to fight a new lawsuit from the US state of Massachusetts, which accuses the company of offering unlicensed sports betting to residents.

Contents
  • Kalshi is Prepared to Fight Amid Other Legal Challenges
  • Kalshi Argues That it is Regulated by the CFTC

“We are proud to be the company that has pioneered this technology and stand ready to defend it once again in a court of law,” a spokesperson for Kalshi told BTCRepublic on Friday.

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“Prediction markets are a critical innovation of the 21st century, and all Americans should be able to access them,” Kalshi added. 

Kalshi is Prepared to Fight Amid Other Legal Challenges

The civil lawsuit, filed on Friday by the Commonwealth of Massachusetts in Suffolk County Superior Court, alleged that Kalshi disguises sports wagering as “event contracts” and violates the state’s strict gambling laws.

United States, Predictions

“Kalshi is violating the Commonwealth’s strict sports wagering laws and regulations by offering unlicensed sports wagering to Massachusetts residents,” the filing stated. 

It further claimed that as of May 2025, more than three-quarters of Kalshi’s trading volume comes from sports — a larger share, the filing said, than industry giants DraftKings or FanDuel.

However, the Kalshi spokesperson said that Massachusetts’s regulators chose legal action over directly resolving the matter:

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“Rather than engage in dialogue with Kalshi as many other states have done, Massachusetts is trying to block Kalshi’s innovations by relying on outdated laws and ideas.”

Kalshi Argues That it is Regulated by the CFTC

Kalshi has previously argued that the Commodity Futures Trading Commission (CFTC) regulates it at the federal level and does not fall under state gambling jurisdiction.

It has received cease-and-desist orders from other states, including Arizona, Montana, Ohio, and Illinois.

The case comes as blockchain-powered prediction market Polymarket is reportedly preparing to launch in the US.

Citing sources familiar with the conversation, Business Insider reported on Friday that Polymarket is exploring re-entering the US while seeking new funding that could more than triple its June valuation of $1 billion. One investor valued the company at up to $10 billion.

It comes just days after Polymarket CEO Shayne Coplan said in an X post on Sept. 4 that “Polymarket has been given the green light to go live in the USA by the CFTC.”

“Stay tuned,” he added.

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Massachusetts Sues Kalshi Over Alleged Unlicensed Sports Betting, Platform Vows to Fight
TAGGED:KalshiLawsuitMassachusettsPrediction market

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ByOladapo Timothy
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An expert, trader and writer with extensive experience of digital assets, covering everything related to the burgeoning crypto industry — from price analysis to Blockchain disruption. I have authored more than 2,000 stories for crypto and fintech media outlets. I am particularly interested in regulatory trends around the globe that are shaping the future of digital assets.
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