Kalshi sues Rhode Island and sends cease-and-desist letter to ‘Kalshi Lies’ group

Prediction market platform Kalshi is defending itself against increasing legal scrutiny. The company filed a lawsuit against Rhode Island authorities and also sent a cease-and-desist letter to FairPredicts, a group that has been running an ad campaign with the tagline “Kalshi Lies.”  Kalshi has attempted to preempt enforcement actions from state regulators by suing authorities in federal courts…
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