Regulation· ★★★· neutral·

Kalshi settles lawsuit with Montana authorities over event contracts

  • —Kalshi withdraws all claims against Montana authorities, including cease-and-desist letters
  • —Montana regulators will not pursue event contracts until a ruling in Kalshi v. Assad
  • —Montana Attorney General Austin Knudsen retains the right to file independent suits against Kalshi
  • —The Ninth Circuit Court of Appeals previously equated Kalshi's sports contracts with gambling
Why it matters: The outcome will determine whether U.S. state authorities can ban event contracts offered by Kalshi and Robinhood.
Source: DeFi Rate
More on this
Regulation · 02:08
TD Cowen sees little demand for tokenized stocks despite SEC's new trading rules
 Regulation · 01:38
Russia Prepares Legal Crypto Framework by Year-End, Sberbank to Launch Custody in December
 Regulation · 01:37
Lummis: CLARITY Act includes false-disclosure liability, but Democrats still opposed it