Kalshi argues the federal law governing futures contracts supersedes state laws
Activist investor accuses Penn CEO Jay Snowden of 'risky decision making and mismangement'
Earlier this month, a Nevada judge also found in Kalshi's favor and the platform is still offering sports contracts
Prediction market Kalshi continues to assert that its sports prediction markets don't need state approval
Much of the language is taken almost directly from Rep. Paul Tonko's federal bill