Kalshi Loses More Court Rulings as Judges Decline to Block State Gambling Laws

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Prediction market operator Kalshi has faced a growing string of court losses as judges refuse to halt state gambling regulations. In its defense, the company has argued that it does not offer gambling, but a state attorney general has rejected that claim, saying the platform cannot avoid gambling law on that basis. The rulings add to legal pressure on Kalshi as states seek to apply their gaming rules to its event-contract business. The article reports these developments based on the court decisions and the state's response to Kalshi's arguments.

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