Kalshi and prediction markets face mixed legal battles with U.S. state regulators

Kalshi and the broader prediction market industry are currently navigating a series of legal disputes with state gaming regulators across the United States. Several of these regulatory battles are not going in the industry's favor at this time. However, the sector is not without allies, as some government figures have emerged as potential protectors of the industry. The outcome of these fights could have significant implications for the future of prediction markets operating within the U.S.