Forecast market platform banned in the US: Maryland court orders halt of sports contract operations

2026-01-21 01:12:11

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【Block Rhythm】 Prediction market platform Kalshi faces legal difficulties in the United States. On January 21, Massachusetts Judge Christopher Barry-Smith announced an initial injunction requiring Kalshi to immediately cease offering sports-related prediction contracts to residents of the state without obtaining the necessary licenses.

The lawsuit was filed by Massachusetts Attorney General Andrea Joy Campbell in September of last year. The Attorney General’s office accused Kalshi of conducting “illegal and unsafe sports prediction” activities within the state, involving regulatory compliance issues. This court decision means that Kalshi needs to re-obtain operational licenses in Massachusetts or adjust its business scope in order to continue serving local users. It also reflects the increasingly strict scrutiny of prediction market platforms by global regulators.

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SandwichVictim

· 9h ago

I should have known earlier, this is how US regulation works—use first, regulate later.

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MerkleDreamer

· 9h ago

Another platform pushed out by regulators... Maryland really knows how to play it, is prediction markets really that hard to manage?

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MoneyBurner

· 9h ago

Another banned prediction market, the arbitrage opportunity is gone... better quickly check if there's still a chance in the on-chain data

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CantAffordPancake

· 9h ago

Here we go again, US regulators are starting to crack down on prediction markets. Kalshi is really in trouble this time.

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StableNomad

· 9h ago

ngl this is just the beginning... statistically speaking, every prediction market that tried to operate without proper licensing ended up in regulatory hell. reminds me of UST in May, different sector same energy - nobody wants to play by the rules until the hammer drops. massachusetts is basically the canary in the coal mine here.

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BlockBargainHunter

· 9h ago

Another ban, the situation in the US is getting stricter and stricter...

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