卡尔西针对内华达州和新泽西游戏监管机构提起诉讼

预测市场Kalshi针对内华达州游戏控制委员会和新泽西州游戏执法部门提起诉讼

output: A recent lawsuit filed by prediction market Kalshi against the Nevada Gaming Control Board and the New Jersey Division of Gaming Enforcement has brought to light a clash of regulatory authority in the emerging field of digital prediction markets. Both state regulators issued cease and desist orders to Kalshi, demanding the company halt all sports-related contracts within their respective jurisdictions.

输出：预测市场卡尔西（Kalshi）对内华达州游戏控制委员会和新泽西州游戏执法部门提起的最新诉讼已揭示了数字预测市场新兴领域的监管机构的冲突。国家监管机构的两个州监管机构都向卡尔西发出了停止命令，要求该公司停止各自司法管辖区的所有与体育有关的合同。

Kalshi’s legal team countered that these contracts fall squarely under the purview of the Commodity Futures Trading Commission (CFTC) at the federal level and, consequently, are not subject to regulation by state-level authorities.

卡尔西的法律团队反驳说，这些合同直接属于联邦一级的商品期货贸易委员会（CFTC）的权限，因此不受州级当局的监管。

The lawsuit names the officials at the New Jersey Division of Gaming Enforcement who sent Kalshi the cease and desist order. Credit: Kalshi

该诉讼列举了新泽西州游戏执法部门的官员，他们派遣了卡尔西停止和停止命令。学分：卡尔西

The lawsuit, filed on February 8 in the U.S. District Court in Newark, New Jersey, is focused on two issues:

该诉讼于2月8日在新泽西州纽瓦克的美国地方法院提起，重点介绍了两个问题：

The state regulators are overstepping their authority in trying to shut down Kalshi’s sports event contracts, which are covered by the Commodity Exchange Act and fall under the CFTC’s jurisdiction.

州监管机构在试图关闭Kalshi的体育赛事合同方面超越了他们的权力，该合同被《商品交易法》涵盖，并属于CFTC的管辖范围。

The cease and desist orders from both state regulators fail to recognize that Kalshi’s event contracts are two-sided markets which trade as swaps, as recognized by the Supreme Court case of Richmond, validly sued in 1990, and are not covered by the state gaming statutes. Instead, the orders appear to be focused on a sports-betting book model where the house controls the market, which is not applicable in this case.

两个州监管机构的停止和停止命令都没有认识到，卡尔西的活动合同是两边的市场，其交易是掉期交易的，正如最高法院在1990年有效起诉的里士满案所认可的，并未受国家游戏法规的涵盖。取而代之的是，这些订单似乎集中在体育书籍模型上，其中房屋控制市场，在这种情况下不适用。

Kalshi co-founder Tarek Mansour told Blockworks that the gaming enforcement officials in both states had been threatening for months to shut down Kalshi’s sports contracts, despite Kalshi repeatedly explaining that its contracts are clearly not covered by state law and are exclusively subject to federal regulation by the CFTC.

卡尔西联合创始人塔雷克·曼苏尔（Tarek Mansour）告诉Blockworks，尽管卡尔西（Kalshi）反复解释说，尽管卡尔西（Kalshi）反复解释说，但两国的游戏执法人员一直在威胁要关闭卡尔西（Kalshi）的体育合同，但其合同显然不受州法律的涵盖，并且受到CFTC的联邦法规的限制。

Additionally, the Nevada Gaming Control Board sent Kalshi a cease and desist order for its election contracts, which a United States judge ruled in September 2024 allow the contracts to trade freely in the U.S.

此外，内华达州游戏控制委员会向卡尔西（Kalshi）签署了其选举合同的停止命令，美国法官于2024年9月裁定合同可以在美国自由交易

Lawsuit against Nevada Gaming Control Board. Source: Kalshi

针对内华达州游戏控制委员会的诉讼。资料来源：卡尔西

The lawsuit comes after the Massachusetts Gaming Commission (MGC) subpoenaed Robinhood Financial in December 2023 to provide information on its role in facilitating the trading of prediction market contracts on Kalshi’s platform.

马萨诸塞州游戏委员会（MGC）在2023年12月向Robinhood Financial进行了有关其在促进Kalshi平台上预测市场合同方面的作用的信息之后，该诉讼提起诉讼。

The MGC is investigating whether Robinhood’s actions could be deemed illegal in Massachusetts, despite federal law permitting Kalshi to offer and maintain its prediction market.

MGC正在调查尽管联邦法律允许Kalshi提供和维持其预测市场，但在马萨诸塞州是否可以认为Robinhood的行动在马萨诸塞州是否可以被视为非法。

The complaint states that the gaming enforcement officials in New Jersey began investigating Kalshi’s activities in March 2023 after receiving a complaint from an anonymous party.

投诉指出，新泽西州的游戏执法人员在收到匿名党的投诉后于2023年3月开始调查卡尔西的活动。

The investigators from the New Jersey Division of Gaming Enforcement interviewed Kalshi CEO David Benhaim and co-founder Tarek Mansour in April 2023 and informed them that they would be issuing a cease and desist order to halt Kalshi’s sports-related contracts in the state.

新泽西州游戏执法部门的调查人员于2023年4月采访了卡尔西（Kalshi）首席执行官戴维·本奈姆（David Benhaim）和联合创始人塔雷克·曼苏尔（Tarek Mansour），并告知他们他们将发出停止命令，以阻止卡尔西（Kalshi）在该州与体育有关的合同。

On April 27, 2023, the gaming enforcement officials sent the cease and desist order to Kalshi, which also demanded the company pay any relevant administrative penalties.

2023年4月27日，游戏执法人员将停止和停止命令发送给Kalshi，这也要求公司支付任何相关的行政罚款。

In response, Kalshi filed a lawsuit against the gaming enforcement officials on February 8, seeking an injunction to prevent the state regulators from taking any further action to shut down the company’s sports-related contracts in the state.

作为回应，卡尔西于2月8日对游戏执法人员提起诉讼，寻求禁令，以防止州监管机构采取任何进一步行动，以关闭该州与体育有关的合同。

The lawsuit is focused on two issues:

该诉讼的重点是两个问题：

The state regulators are overstepping their authority in trying to shut down Kalshi’s sports event contracts, which are covered by the Commodity Exchange Act and fall under the CFTC’s jurisdiction.

州监管机构在试图关闭Kalshi的体育赛事合同方面超越了他们的权力，该合同被《商品交易法》涵盖，并属于CFTC的管辖范围。

The cease and desist orders from both state regulators fail to recognize that Kalshi’s event contracts are two-sided markets which trade as swaps, as recognized by the Supreme Court case of Richmond, validly sued in 1990, and are not covered by the state gaming statutes. Instead, the orders appear to be focused on a sports-betting book model where the house controls the market, which is not applicable in this case.

两个州监管机构的停止和停止命令都没有认识到，卡尔西的活动合同是两边的市场，其交易是掉期交易的，正如最高法院在1990年有效起诉的里士满案所认可的，并未受国家游戏法规的涵盖。取而代之的是，这些订单似乎集中在体育书籍模型上，其中房屋控制市场，在这种情况下不适用。

Kalshi co-founder Tarek Mansour told Blockworks that the gaming enforcement officials in both states had been threatening for months to shut down Kalshi’s sports contracts, despite Kalshi repeatedly explaining that its contracts are clearly not covered by state law and are exclusively subject to federal regulation by the CFTC.

卡尔西联合创始人塔雷克·曼苏尔（Tarek Mansour）告诉Blockworks，尽管卡尔西（Kalshi）反复解释说，尽管卡尔西（Kalshi）反复解释说，但两国的游戏执法人员一直在威胁要关闭卡尔西（Kalshi）的体育合同，但其合同显然不受州法律的涵盖，并且受到CFTC的联邦法规的限制。

Additionally, the Nevada Gaming Control Board sent Kalshi a cease and desist order for its election contracts, which a United States judge ruled in September 2024 allow the contracts to trade freely in the U.S.

此外，内华达州游戏控制委员会向卡尔西（Kalshi）签署了其选举合同的停止命令，美国法官于2024年9月裁定合同可以在美国自由交易

Lawsuit against Nevada Gaming Control Board. Source: Kalshi

针对内华达州游戏控制委员会的诉讼。资料来源：卡尔西

The lawsuit comes after the Massachusetts Gaming Commission (MGC) subpoenaed Robinhood Financial in December 2023 to provide information on its role in facilitating the trading of prediction market contracts on Kalshi’s platform.

马萨诸塞州游戏委员会（MGC）在2023年12月向Robinhood Financial进行了有关其在促进Kalshi平台上预测市场合同方面的作用的信息之后，该诉讼提起诉讼。

The MGC is

MGC是