Massachusetts May Ban Kalshi’s Sports Prediction Contracts

BlockBeats News, January 21st, predicts that the prediction market platform Kalshi may face restrictions in Massachusetts. Local judge Christopher Barry-Smith has indicated that he will issue a preliminary injunction barring Kalshi from offering sports-related contracts to Massachusetts residents unless Kalshi obtains a license.

Massachusetts Attorney General Andrea Joy Campbell filed a lawsuit in September last year, alleging that Kalshi was offering "illegal and unsafe sports predictions" in the state.