Kalshi CEO Warns U.S. Prediction Markets Could Move Offshore

Kalshi chief executive Tarek Mansour said Wednesday that legal challenges could push U.S. prediction markets overseas. Speaking at DC Fintech Week near Washington, he argued that federal oversight offers a path for event trading. Several states disagree, saying sports contracts fall under their gambling laws. Mansour said sports outcomes carry economic consequences and defended Kalshi’s treatment of event contracts as financial products. He said the Commodity Exchange Act gives federal regulators authority over markets that extend beyond traditional commodities. State officials argue that contracts tied to game results amount to sports betting. They have taken Kalshi and other operators to court, seeking to apply state gambling rules. The NFL has backed New Jersey’s Supreme Court appeal . The league also raised concerns about consumer protections and game integrity.

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