Jovy Dedaj

Head of Litigation @Kalshi | ex @IBKR

[Jovy Dedaj @JovyDedaj]

@Kalshi filed this motion in Washington state court asking for the same treatment the Washington AG is giving other prediction markets who are free to operate while the litigation plays out. This kind of arbitrary enforcement is exactly why prediction markets are regulated at the federal level in the first place.

[Rick Heaslip @RickHeaslip]

Kalshi went above and beyond to geofence Nevada as requested. We hired a state-approved vendor and updated Nevada every step of the way, with no response. Instead of engaging, they falsified information (breaking federal law) to hunt for a loophole and manufacture another legal grievance. We addressed it within hours, but they ran to court anyway.

This is not the behavior of a regulator trying to protect consumers - it is a vindictive waste of taxpayer dollars at the bidding of casinos.

[Jovy Dedaj @JovyDedaj]

Federal law requires federal oversight of federal exchanges. Plain and simple.

[Mike Selig @ChairmanSelig]

New York intends to make event contract derivatives waste away under its iron curtain of state gaming laws before the courts issue final rulings. The @CFTC is required by law to ensure order in the derivatives markets, and that is what we’ve done today.

Read more: https://t.co/OTzqhtr0Dh