Kalshi fires back at FairPredicts with cease-and-desist over ‘Kalshi Lies’ campaign

Kalshi has formally demanded the removal of an advertising campaign by a watchdog that accuses the company of operating like a sportsbook while presenting itself as a federally regulated financial exchange. A cease-and-desist letter sent May 20 to the operators of KalshiLies.com claims watchdog group FairPredicts published “false, misleading, defamatory, and commercially disparaging statements” about Kalshi and related businesses. The letter was signed by Kalshi General Counsel Richard Heaslip a