Kalshi
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Kalshi Inc., or in lawsuits called KalshiEX, LLC, is a seller of event contracts that are virtually equivalent to wagers on future events without complying with state laws limiting the scope and participants in gambling. The legal theory is that the regulatory authority of the CFTC preempts state laws in this field.
Kalshi has sued in Nevada and New Jersey to seek a right to bypass the state laws regulating gambling there.
A board member of Kalshi, Brian Qunitenz, was nominated in 2025 to become the Chairman of the CFTC.