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Sports BettingMay 9, 2026·1 min read
Massachusetts Supreme Court Questions Kalshi's Sports Contracts
Kalshi’s appeal of a temporary injunction barring the prediction market company from offering sports event contracts in Massachusetts played out in the state’s supreme court on Monday. Attorneys for Kalshi argued that prediction markets are solely regulated at the federal level by the Commodity Futures Trading Commission (CFTC), not state gaming regulators.
Assistant Attorney General Gerard Cedrone argued that ruling in favor of Kalshi would be a massive shift in the Bay State’s sports betting regulation. Justice Scott Kafker argued that Congress wasn’t clear in the legislation in regard to giving the federal government control over prediction markets that offer “a way to bet on a game,” according to Reuters.
The entire issue could eventually reach the US Supreme Court.
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