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Connecticut seeks injunction against Kalshi’s sports event contracts
By The Weekly Edge desk ·
Summary
Connecticut is suing Kalshi and seeking an injunction to stop alleged unlicensed sports wagering, Gaming Intelligence reported on 27 August. Kalshi argues that its contracts are swaps under exclusive CFTC jurisdiction. A federal judge rejected Kalshi’s request to prevent state enforcement earlier this month; the company has appealed.
Why it matters
Connecticut seeks to stop Kalshi’s alleged unlicensed sports wagering, while Kalshi asserts exclusive CFTC jurisdiction and appeals an enforcement ruling.