<ul><li>Prediction Market Platform Challenges State Regulators Over Sports Betting Dispute</li><li>Kalshi argues that the contracts fall under the jurisdiction of the CFTC, making state regulators lack authority.</li><li>Kalshi's event contracts are structured as two-sided markets, functioning as swaps rather than traditional sports betting models.</li><li>The company faced a cease and desist order from the Nevada Gaming Control Board over its election contracts.</li></ul>

Prediction Market Platform Challenges State Regulators Over Sports Betting Dispute

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