INSUBCONTINENT EXCLUSIVE:
Last week, prediction market startup Kalshi sued New Jersey and Nevada after they tried to shut down its recently launched sports trading
week at a StrictlyVC event in San Francisco
Last year, Kalshi won a major legal battle against the Commodity Futures Trading Commission (CFTC), allowing it to process more than $1
Kalshi cease-and-desist letters claiming its sports prediction markets are de facto sports bettings
A federal judge ruled that Kalshi can continue operating in the state of Nevada, at least until the lawsuit is settled.Prediction markets
Kalshi seems to be taking full advantage of the ambiguity, allowing users to bet on everything under the sun, from the date Elon Musk leaves
presidential election days ahead of election night, despite other polls suggesting otherwise
In February, President Trump appointed a former Kalshi board member to lead the CFTC
course, it benefits Mansour to make these arguments
Kalshi was last valued at $787 million, according to PitchBook data
