The prophetic market platform Plashi has vowed to fight a new lawsuit from the US State of Massachusetts, accusing the company of offering unlicensed sports estimates to residents.
“We are proud to be a company that pam doesn’t pioneered with this technology and are ready to defend it again in a court of law,” a spokesman for Cointelegraph told Cointelegraph on Friday.
“Prophecy markets are a critical change in the 21st century, and all Americans must access them,” Blashi added.
Bashi is ready to fight amid other legal challenges
The civil lawsuit, Filed On Friday of the Commonwealth of Massachusetts in the Suffolk County Superior Court, allegedly Malashi is hiding sports assessment as “event contracts” and violates strict state gambling laws.
“Malashi violates the strict common laws and regulations of the Commonwealth by offering unlicensed sports estimates to Massachusetts residents,” the file stated.
It further said that by May 2025, more than three-quarters of the Malashi trading volume came from sports-a greater part, the filing said, rather than the giant drafts of the industry or fanduel.
However, the Moldi spokesman said Massachusetts regulators choose legal action on direct object resolution:
“Instead of engaging in the Malashi -talking like many other states, Massachusetts is trying to prevent the alleged changes in Malashi by relying on outdated laws and ideas.”
Butili argued that it was controlled by the CFTC
Bashi had earlier argued that the Commodity Futures Trading Commission (CFTC) was in control of the federal level and did not fall under the state gambling.
There it is received The cease-and-desist orders from other states, including Arizona, Montana, Ohio, and Illinois.
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The case came while the blockchain-powered prediction market polymarket had been reported reported preparing to launch in the US.
Resources are familiar with the conversation, Business Insider reported on Friday that the Polymarket was exploring the US re-entering while looking for new funds that could be more than its triple of June $ 1 billion. An investor appreciates the company up to $ 10 billion.
It came just days only after Polymarket CEO Shayne Coplan Says In an X post on September 4 “The Polymarket was given a green light to survive in the USA of the CFTC.”
“Stay tuned,” he added.
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