Kalshi and other prediction markets face legal disputes in multiple U.S. states, North Carolina nears taxation

Odaily reports that the prediction market industry, represented by Kalshi, is dealing with legal disputes across multiple U.S. states. This week, during intensive court hearings, they argued that state regulatory agencies should not have relevant jurisdiction. The related legal battles are advancing in Nevada and Michigan, with live debates ongoing in Minnesota, and the case could potentially be appealed to the U.S. Supreme Court. Meanwhile, North Carolina is moving closer to imposing a state tax on prediction market revenue. (CoinDesk).