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What Does “Financial, Commercial or Economic Consequence” Even Mean?
Part I: Was it meant to be a substitute for the economic purpose test?
Dec 12
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Lexicon Labs
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Kalshi’s Election Contracts Omission - A Quicksand Threat for States
Hedging for downside risk vs. strategic silence may define the jurisdictional fight
Dec 8
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Lexicon Labs
1
The Smoking Gun in Sports Event Contracts Litigation
How a shaky “event vs. outcome” split threatens state victories and strengthens Kalshi’s appeal chances
Dec 5
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Lexicon Labs
Federal Preemption Has Been Barking For Years: Is Kalshi’s Latest Setback in Nevada Justified?
Our call for economic purpose—not jurisdiction—as prediction markets march their way to a SCOTUS showdown
Nov 26
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Lexicon Labs
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The Future of Sports Gambling in America: By the Numbers
Assigning SCOTUS probabilities across certiorari, questions presented, and the eventual outcome
Nov 20
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Lexicon Labs
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Kalshi’s Gambit: The Bet That Could Break Sports Gambling
Prediction markets are testing the limits—and the law. Will all the dominoes fall?
Nov 13
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Lexicon Labs
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Backdooring Sports Gambling is Precisely What Congress Wanted to Prevent
Our arguments have been in front of the Supreme Court all along
Nov 5
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Lexicon Labs
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Congress Didn’t Blink
Jurisdiction vs. Regulation: A critical distinction that clarifies the CFTC’s role in sports gambling
Oct 30
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Lexicon Labs
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The Full Court Press
Exploring the legal implications of financial definitions.
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