Kalshi Inc. fears it may have to liquidate $650 million in open derivative contracts if a Massachusetts court grants the state’s attorney general’s request to halt its sports prediction market operations there, according to a filing.
The requested shutdown of Kalshi’s operations in Massachusetts by its Attorney General Andrea Joy Campbell could, if granted, “wreak havoc on the entire Kalshi exchange ecosystem,” the company said in a filing docketed Wednesday opposing the injunction and asking the court to dismiss the case.
Such an injunction may “force the freezing or liquidation of open contracts that, as of the time of writing, ...
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