Kalshi, a prediction platform, has initiated legal action against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement. The lawsuits arise from the regulators' demands that Kalshi cease offering event contracts related to the outcomes of sporting events, which they claim preempt federal regulations. This legal dispute intensifies as Ohio has also issued a cease-and-desist letter to Kalshi, along with other platforms including Robinhood and Cryptodotcom. The implications of this regulatory battle are significant for the broader U.S. sports betting landscape. CFTC Acting Chair Caroline Pham has expressed caution regarding gaming-related event contracts, emphasizing the importance of state regulatory authority over gambling.