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Contracts On Aliens, Hugs Aren't Gambling, Kalshi Tells Judge

By Brian Steele ( February 11, 2026, 7:33 PM EST) -- The distinction between a futures contract and a wager could play a role in deciding whether Kalshi can offer certain sports-related transactions in Connecticut, a federal judge hinted Wednesday while hypothesizing about the legality of contracts on events like first contact with extraterrestrial life and world leaders greeting each other with a warm embrace....

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