In a lawsuit filed in the US District Court for the Northern District of Illinois on Tuesday, Kalshi alleged Illinois officials “usurped” the authority of federal regulators over prediction markets.

Kalshi blocks Indian users after India's new online gaming law bans prediction markets. India joins 55 restricted jurisdictions on the CFTC-regulated

US-based prediction market Kalshi has now officially restricted Indian users from trading, following government action against such platforms. This move comes weeks after India's…