Kalshi sues Missouri, says cease-and-desist compliance is impossible
Photo: SBC Americas
KEY TAKEAWAYS Kalshi is the third prediction market operator to respond to a Missouri cease-and-desist notice by suing the state. The company says it cannot comply with the C&D’s direction to seek a wagering license because there is no avenue for it to do so. The Attorney General’s Office is confident of winning the fight in court, amid similar challenges from Crypto.com and Novig. Kalshi joined fellow prediction market operators by suing Missouri this week, after Attorney General Catherine Hanaway issued cease-and-desist notices to six sports event contract platforms last month. In a federal court lawsuit filed on Tuesday, Oct.
Also reported by Sports Betting Dime.
Source: SBC Americas
