Kalshi Says Sports 'Swaps' Not Bets In Bid To End Mass. Suit

By Julie Manganis ( November 19, 2025, 6:45 PM EST) -- Prediction market KalshiEX asked a Massachusetts state court to throw out a suit by state regulators alleging that its sports "event contracts" are illegal gambling, saying the U.S. Commodity Futures Trading Commission has already given its imprimatur to the products....

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