Kalshi has lost 19 of its last 23 prediction market rulings, and New York just opened a new civil enforcement action that could push the fight toward the Supreme Court.

Jessi Brooks lays out the scoreboard, and Katherine Kirkpatrick Bos explains what a designated contract market actually is, and why builders are racing to acquire one instead of applying for a new license.

Hosts:

• • Katherine Kirkpatrick Bos – Host of DEX in the City and General Counsel of Chainlink
  • Jessi Brooks, Co-host of DEX in the City and General Counsel of Ribbit Capital
  • Vy Le – Co-host of DEX in the City and General Counsel of Veda

This clip is from a longer conversation on Kalshi’s courtroom losing streak and the race to acquire a designated contract market. Full episode here.

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