Kalshi CEO says state-led oversight of U.S. prediction markets would push them out

Kalshi CEO Tarek Mansour said he feels "pretty good" about the pending legal outcome over whether state or federal regulators should oversee U.S. prediction markets, warning that state-led oversight would push the platforms out of the country. The dispute centers on whether the CFTC or individual states have authority over event contracts, a question that remains unresolved in court. The comments are an opinion on an ongoing legal fight rather than a new ruling, so they carry limited immediate trading impact, though the eventual decision could affect the broader U.S. derivatives and crypto-adjacent prediction market landscape.