Kalshi Defends Prediction Markets Against Massachusetts Lawsuit
Kalshi, a prediction market platform, is pushing back against legal action from Massachusetts, arguing that the state is hindering innovation by applying outdated regulations. The company asserts its readiness to defend its business model amid the ongoing lawsuit.
In a statement to Cointelegraph, Kalshi emphasized its commitment to modernizing financial markets through prediction-based products. The legal clash highlights tensions between emerging fintech solutions and traditional regulatory frameworks.