Massachusetts Attorney General accuses Kalsh of violating sports betting laws

Massachusetts Attorney General Andrea Campbell sued forecast market Kalshi for alleging that his sports event contract violated the state’s betting law that requires operators to obtain permission. The lawsuit aims to block unlicensed sports betting operations and seek compensation, and compares Kalshi's binary options to licensed platforms such as FanDuel. Campbell highlighted addictive and financial risks and said Kalshi had to obtain permission. Kalshi defended its federally regulated transparent market, saying the lawsuit relied on outdated laws and vowed to defend its innovation in court.