Kalshi CEO Says State Sports Betting Rules Could Push Markets Offshore

Kalshi CEO Tarek Mansour said state oversight of sports event contracts could push prediction markets offshore, as appeals courts reach different conclusions about states’ authority over the contracts. “We feel pretty good about where we stand overall,” Mansour said at DC Fintech Week in Arlington, Virginia, on Oct. 14. He also framed the choice as whether prediction markets operate in the United States or move offshore. The legal dispute concerns whether federal oversight applies to Kalshi’s sports contracts or whether states can regulate them as gambling.