Tennessee Judge Enjoins State Action Against Kalshi, Finds Sports Contracts Likely Cftc‑regulated Swaps
U.S. District Judge Aleta Trauger issued a preliminary injunction blocking the Tennessee Sports Wagering Council from enforcing state gambling laws against Kalshi’s sports-event contracts. The immediate result is that Kalshi can continue operating in Tennessee while the litigation moves forward.
Kalshi Inks Game Point Capital Deal to Serve Sports Insurance Market as Legal Battles Intensify
Kalshi said that it is teaming up with sports-insurance broker Game Point Capital to bring institutional hedging for team performance bonuses and similar payout risks onto its platform, with Game Point expected to route about $30 million per year through Kalshi. The commercial pitch is straightforward: take a lumpy, event-driven liability that is often handled […]
Polymarket Sues Massachusetts, Citing CFTC Preemption After Judge Bars Kalshi Sports Markets
Polymarket escalated its fight with state regulators by filing a federal lawsuit on February 9, 2026 in the U.S. District Court for the District of Massachusetts. The company is seeking to block state-level enforcement after a Massachusetts judge ordered rival Kalshi to stop offering sports-event contracts in the state, setting up a high-stakes conflict between […]