Kalshi CEO warns state regulation could push US prediction markets offshore

Kalshi CEO Tarek Mansour says the fight over regulation of U.S. prediction markets is about more than which agency takes charge: he argues that state-led oversight would push the industry offshore. His comments on October 14, 2026, come as Kalshi and federal regulators contest states’ claims that its sports-event contracts amount to illegal gambling. Key takeaways States and the CFTC dispute authority over Kalshi’s sports contracts. Federal appeals courts have reached conflicting decisions. Kalshi rejects claims that its crypto futures volume is inflated.