Kalshi Unveils Plan to Outwit Massachusetts with Predictable Wit

Prediction market platform Kalshi, much like a knight in shining silver armor (well, possibly digital armor), has declared its intent to defend itself against a lawsuit from the rather serious US state of Massachusetts. The complaint? Offering unlicensed sports betting, apparently akin to letting fish vote for who should be the next mayor of Underwater City. 🐟

“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 chimed in, confident as a cat who has just found the last fishbone on his plate. “Prediction markets are a critical innovation of the 21st century, and all Americans should be able to access them,” Kalshi added, as if these were the most self-evident truths since gravity.

The Commonwealth of Massachusetts filed their legal grievance on a Friday, as if this added an extra layer of legal complexity (which, of course, got them nowhere). Their complaint alleged that Kalshi had a knack for disguising sports wagering as “event contracts,” much like how an accountant might describe a conundrum as “an interesting algorithmic challenge.”

“Kalshi is violating the Commonwealth’s strict sports wagering laws and regulations by offering unlicensed sports wagering to Massachusetts residents,” stated the filing, with all the dynamic enthusiasm of a dropped ballast. 🏀

It further claimed, in an almost gentlemanly fashion, that by May 2025, more than three-quarters of Kalshi’s trading volume danced around sports, più importanti than those industry giants DraftKings or FanDuel might claim. Of course, these numbers were pre-apocalyptic, so your mileage may vary.

However, the Kalshi spokesperson pointed out that Massachusetts’s regulators chose legal action rather than simply talking it out over tea and pastries. “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with Kalshi as many other states have done, Massachusetts is trying to block Kalshi’s innovations by relying on outdated laws and ideas,” they stated, much like a librarian sticking to the Dewey Decimal System in a world gone digital. 📚

Kalshi’s case rests on its claim to be regulated by the Commodity Futures Trading Commission (CFTC) at the federal level, elegantly sidestepping the state’s jurisdiction like a magician diverting attention from the wand in the other hand. They have, however, received no less than a handful of cease-and-desist orders from other states including Arizona, Montana, Ohio, and Illinois-an impressive collection so reminiscent of complaint letters from a neighbourhood full of disapproving cats.

This legal tussle coincides with blockchain-powered prediction market Polymarket allegedly planning to leap into the US market. Business Insider, always an adept at sourcing whispers, reported that Polymarket is considering a re-entry while keeping an eye on a fund that might substantially boost its valuation, possibly to a whopping $10 billion. Talk about setting a grandiose bar! 💰

Just days prior, Polymarket CEO Shayne Coplan breezily announced on X (an acronym you’d expect for a secret society, not a social platform) that the CFTC had given them the green light to launch. “Stay tuned,” he added, much like a book waiting for its next exciting chapter. 🎩

Read More

• Wednesday’s Owen Painter Felt the Weird Vibes with Francoise Too

• LINK PREDICTION. LINK cryptocurrency

• Katanire’s Yae Miko Cosplay: Genshin Impact Masterpiece

• NEXO PREDICTION. NEXO cryptocurrency

• War Thunder Mobile codes to redeem in September 2025. These really work, because we have tested them

• How to unlock Act 3 in Hollow Knight: Silksong

• USD PKR PREDICTION

• Here’s a look at Stardew Valley’s original concept. The 13 year old trailer shows just how much the game has changed

• XLM PREDICTION. XLM cryptocurrency

• Looking for “On the grid of happiness” in Cookie Jam? The answer is here

2025-09-13 04:19