COINDESK · 2026-10-14 16:36 UTC

Kalshi CEO says state-led oversight of U.S. prediction markets would push them out

Kalshi CEO Tarek Mansour stated that state-led oversight of prediction markets would force the industry offshore rather than allow it to operate in the U.S., arguing federal CFTC regulation is the appropriate framework. Multiple states have challenged prediction market firms in court over illegal sports wagering, with federal appellate courts split on jurisdiction - one ruling favored Kalshi while two backed states' authority, prompting New Jersey to petition the Supreme Court. Mansour defended Kalshi against accusations of inflated trading volume in crypto perpetual futures, attributing the…

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