July 21, 2026
Forty-one Indigenous groups, nations and the American Gaming Association are backing Iowa regulators in a challenge to stop the state from taking enforcement action against Kalshi's sports-events contracts, arguing that the prediction market "masks its wagers as derivatives contracts governed by the Commodity Exchange Act and Commodity Futures Trading Commission."
March 11, 2026
Kalshi sued Iowa state regulators Wednesday, seeking to stop the state from taking enforcement action against the prediction market's sports-event contracts, following a script that has played out across several states.