Kalshi has initiated a federal lawsuit against the Maryland Lottery and Gaming and Control Commission following a cease-and-desist order aimed at halting its sports event contract trading. The lawsuit, which draws on a similar successful case in Nevada, argues that its offerings fall under federal regulation by the Commodity Futures Trading Commission and should be exempt from state regulations. Kalshi is vying for an injunction to prevent state laws from imposing a varied regulatory landscape across the U.S., which it claims Congress aimed to avoid.
The lawsuit filed by Kalshi against the Maryland Lottery and Gaming and Control Commission highlights the tension between federal regulation and state control over sports betting activities.
Kalshi asserts that its contracts should be regulated under federal law by the Commodity Futures Trading Commission, not as a traditional form of sports betting.
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