BOSTON, May 4 (Reuters) – Prediction-markets operator Kalshi on Monday faced a skeptical slate of justices on Massachusetts’ highest court, ?which appeared poised to uphold regulators’ authority to ban it from offering sports-events contracts in the state.
A lawyer for ?Kalshi told the Massachusetts Supreme Judicial Court that only the U.S. Commodity Futures Trading Commission can regulate its business, and asked the panel to overturn an injunction that would bar it from allowing users to place financial bets on football, baseball and other sporting events without a gaming license.
