Kalshi’s Legal Battles: What Crypto Startups Can Learn
When it comes to cryptocurrency, understanding and navigating the regulatory scene can be a real headache. Kalshi’s ongoing tussle with state regulators is a prime example of this labyrinthine landscape. Their struggles showcase some crucial lessons for crypto firms that might face similar hurdles.
Kalshi and the Battle for Compliance
Here’s the story. Kalshi, a trading platform, is currently locked in a legal dispute with the New York State Gaming Commission. The Commission is attempting to put the brakes on what it claims is illegal sports betting facilitated by Kalshi. However, Kalshi argues that it’s operating under the auspicies of the Commodity Futures Trading Commission (CFTC) and not under the state’s jurisdiction.
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