Skip to main content
News Directory 3
  • Home
  • Business
  • Entertainment
  • Health
  • News
  • Sports
  • Tech
  • World
Menu
  • Home
  • Business
  • Entertainment
  • Health
  • News
  • Sports
  • Tech
  • World
Massachusetts Sues Kalshi Over Illegal Sports Gambling

Massachusetts Sues Kalshi Over Illegal Sports Gambling

September 15, 2025 Victoria Sterling Business

Massachusetts Takes Aim‌ at Kalshi, Alleging Illegal Sports‍ Gambling

Boston, MA – In a move that could redefine ‍the boundaries between prediction‌ markets and sports wagering, ⁢Massachusetts‌ Attorney General Andrea‍ Joy⁤ Campbell has filed a ‍lawsuit‍ against Kalshi, ‌a ‌platform⁤ that allows users‌ to trade on the outcomes of various events. The lawsuit, filed Friday⁣ in Suffolk County superior Court, alleges that Kalshi is operating an unlicensed sports gambling⁣ business ⁢under the guise of offering event contracts.

“If Kalshi wants ⁣to be in ​the sports gaming business in⁣ Massachusetts, they must obtain a licence and follow our laws,” Attorney⁤ General Campbell stated in a news release. the state is seeking a court​ order⁤ to prevent kalshi from offering sports events contracts in Massachusetts while the lawsuit is pending.

kalshi, regulated as a predictions market by⁢ the ⁢Commodity Futures Trading Commission (CFTC), has maintained that its federal⁢ oversight⁢ preempts state regulations. However, Massachusetts ​argues that Kalshi’s activities⁤ within the state constitute​ illegal sports gambling, as the platform allegedly generates more revenue‍ from sports‍ wagers than licensed sportsbooks⁢ like DraftKings and FanDuel.

According to ‍the lawsuit, sports event wagers accounted ​for approximately​ 70% of Kalshi’s trading volume between February 25, 2025, and⁣ May 17, ‌2025. This figure‌ reportedly increased to 75%‍ after March 18, 2025, Kalshi’s first day offering single-game March Madness ⁢markets. the state ‌contends that during the ⁢same period, Kalshi’s revenue from sports wagers surpassed that of ⁢established, licensed sports​ wagering‌ platforms.

The lawsuit raises‍ critical questions about the regulation of prediction markets and ‌their potential overlap with sports gambling. The outcome of this case⁤ could have⁤ meaningful implications​ for​ the future of⁣ online‍ trading platforms and the ⁤broader sports wagering ⁢industry in Massachusetts and beyond.

Share this:

  • Share on Facebook (Opens in new window) Facebook
  • Share on X (Opens in new window) X

Related

business, Business News, DraftKings Inc, Flutter Entertainment PLC, Massachusetts, sports

Search:

News Directory 3

ByoDirectory is a comprehensive directory of businesses and services across the United States. Find what you need, when you need it.

Quick Links

  • Disclaimer
  • Terms and Conditions
  • About Us
  • Advertising Policy
  • Contact Us
  • Cookie Policy
  • Editorial Guidelines
  • Privacy Policy

Browse by State

  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado

Connect With Us

© 2026 News Directory 3. All rights reserved.

Privacy Policy Terms of Service