Kalshi ‘ready to defend’ prediction markets amid Massachusetts lawsuit

In comments to Cointelegraph, Kalshi claimed that Massachusetts is “trying to block Kashi’s innovations by relying on outdated laws."

Prediction market platform Kalshi has vowed to fight a new lawsuit from the US state of Massachusetts, which accuses the company of offering unlicensed sports betting to residents.

“We are proud to be the company that has pioneered this technology and stand ready to defend it once again in a court of law,” a spokesperson for Kalshi told Cointelegraph on Friday.

“Prediction markets are a critical innovation of the 21st century, and all Americans should be able to access them,” Kalshi added. 

Read more