Kalshi CEO Tarek Mansour said that if U.S. courts rule that prediction markets should be regulated by state gambling authorities, related businesses might be forced to shift to overseas markets. He believes the core of the current dispute is not about state vs. federal regulatory authority, but whether prediction markets can continue to operate in the U.S. Currently, there is disagreement within the U.S. federal appeals courts: one ruling supports Kalshi, while two favor state governments. New Jersey has already requested the Supreme Court to hear the case. The CFTC advocates for unified federal regulation of prediction markets and is pushing to classify event contracts explicitly under its jurisdiction as swap contracts. Additionally, Mansour denied allegations of inflated trading volumes for Kalshi’s Bitcoin and Ethereum perpetual futures, stating that the repeated identical trade volumes are due to fixed quantity orders from market makers. (CoinDesk) https://(wublock123.com)/news/kalshi-ceo-says-state-regulation-could-force-prediction-markets-abroad-70076
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