Judges on Massachusetts’ highest court questioned whether Kalshi’s sports event contract resembles gambling and falls within the state’s gambling statutes.
Judges on the Massachusetts Supreme Judicial Court expressed doubts about the legality of Kalshi’s sports event contracts during oral arguments. The court appeared inclined to support the state's authority to prohibit the company's contracts, indicating skepticism towards Kalshi's legal position.
The justices raised concerns about the nature of the contracts and their compliance with state gambling laws, suggesting a potential unfavorable ruling for Kalshi in the ongoing legal battle.
