kalshi lawsuit

New Mexico Attorney General sues Kalshi for allowing allegedly illegal sports betting — Photo by Pavel Danilyuk on Pexels

kalshi lawsuit

Kalshi Lawsuit Forces General Sports Revolution

Kalshi’s lawsuit has reshaped the compliance landscape for online sportsbooks, prompting New Mexico’s attorney general to file a $5 million claim in August 2024. The case treats Kalshi’s market-price offerings as unlicensed wagers, forcing operators to audit every betting feature within 30 days. In my experience, this

Wisconsin attorney general suing Kalshi, Polymarket, and similar platforms for illegal sports betting — Photo by RDNE Stock p

wisconsin ag lawsuit

Exposes 3 Hidden Costs of General Sports Betting

The 2023 Wisconsin AG lawsuit claims $80 million in tax credits could vanish due to crypto-based sports betting, as regulators zero in on tokenized wagers. State attorneys argue that platforms like Kalshi and Polymarket sidestep licensing rules, threatening the fiscal health of every state that permits sports wagering. Legal Disclaimer: