Kalshi in Hot Water – What This Means for Startups Like PolyBets(nytimes.com)
nytimes.com
Kalshi in Hot Water – What This Means for Startups Like PolyBets
https://www.nytimes.com/2026/03/17/technology/arizona-criminal-charges-kalshi.html
2 comments
the state-level legal challenges are the real threat here, not the CFTC. kalshi can point to federal regulation all day but if states keep filing criminal charges (arizona) and bans (nevada) one by one, the addressable market shrinks to whatever states havent banned them yet. polymarket sidesteps this entirely by being crypto native