The Kalashi logo organized a laptop on Monday, February 10, 2025, New York, USA.
Gabie Jones | Bloomberg | Getty Images
Massachusetts filed a lawsuit in the state court on Friday, alleging that the prediction platform offers sports gambling without a license under the guise of events contracts.
Massachusetts Attorney General Andrea Joey Campbell said in a news release, “If you want to stay in the sports gaming business in Massachusetts, they should get a license and follow our rules.”
The state is also asking the court to prevent Kalashi from offering sports incidents in Massachusetts while the case is pending.
The Commodity Future Trading Commission is regularly made the events contracts as a prediction market. Kalashi has repeatedly argued in the federal court that the CFTC's status as a federal agency rejects state regulators.
In a brief filed in the Safulic County Superior Court, Massachusetts says Klashi is making more money on sports waves than legal, licensed sports boxes.
The legislature states that “sports event wages included about 70 % of the Kalashi trade volume between February 25, 2025 and May 17, 2025, which increased to 75 percent since March 18, 2025-the first day of the colleague offers single game march madness markets.” “Kalashi worked more than sports wizards than luxited sports wedding platforms Draft Kings Or Fanduel During the same February, the May Time Frame. “
One screenshot of the Kalashi platform is included in the state Massachusetts case against the prediction platform.
A Kalashi spokesman told CNBC this week that till date 9 439 million worth of vagers have been placed on NFL contracts.
The company is leading the national defense of sports forecasts. This week, the company gave verbal arguments before the Third Circuit Court of Appeal in the state of New Jersey, which was prevented from ceasefire and retrieval against Kalashi.
