The Kalshi logo organized a laptop in New York, the United States on Monday, February 10, 2025.
Gabby Jones | Bloomberg | Getty images
Massachusetts filed a complaint at the State Court on Friday against Kalshi, alleging that the prediction platform offers sports games without license under the cover of event contracts.
“If Kalsi wants to be in the sports games sector in Massachusetts, they must obtain a license and follow our laws,” said Massachusetts prosecutor Andrea Joy Campbell, in a press release.
The state also asks the court to prevent Kalshi from providing contracts for sporting events in the Massachusetts while the trial is underway.
Event contracts are regulated as a market for predictions by the Commodity Futures Trading Commission. Kalshi supported on several occasions before the Federal Court that the status of the CFTC as a federal agency replaces state regulators.
In the memory deposited with the Superior Court of the County of Suffolk, Massachusetts maintains that Kalshi earns more money on sports betting than legal and approved sports books.
“Paris on sporting events represented around 70% of Kalshi’s commercial volume between February 25, 2025 and May 17, 2025, which increased to 75% from March 18, 2025 – Kalshi to offer the markets of March March in a single match”, according to the trial. “Kalshi has done more sports betting than sports betting platforms under license Drabings Or Fandual During the same period from February to May. “”
A screenshot of the KALSHI platform included in a Massachusetts state trial against the prediction platform.
A spokesperson for Kalshi told CNBC this week that $ 439 million in Paris had been placed on NFL contracts to date.
The company led a national defense of the sports prediction trades. This week, the company has advanced oral arguments before the 3rd Circuit Court of Appeals in a call from the state of New Jersey, which was prevented from enforcing and abstaining against Kalshi.