Federal Judge Hands Defeat to Company Offering Sports Event Contracts

A federal judge from the District of Maryland has denied Kalshi’s motion for a preliminary judgment, which would have allowed the company to offer sporting event contracts in Maryland. Reveling in the legal victory was the defendant, the Maryland Lottery and Gaming Control Commission, which claimed that Kalshi’s offering is tantamount to sports betting and thus it was seeking to work around the regulators. Daniel Wallach, an expert at the intersection of sports better and the law, offe