Kalshi loses New York court bid over sports prediction markets
The post Kalshi loses New York court bid over sports prediction markets appeared on BitcoinEthereumNews.com. Kalshi has lost a key early fight in its New York case over sports event contracts. Summary Kalshi lost a key New York injunction bid, leaving state gambling-law claims alive. Judge Torres found Kalshi had not shown CEA preemption likely protects sports event contracts there. The ruling adds pressure while Kalshi faces state lawsuits and fast sports-market growth nationwide too. Legal analyst Daniel Wallach said Judge Analisa Torres of the Southern District of New York denied Kalshi’s request for a preliminary injunction. The ruling means New York’s case can continue to the motion-to-dismiss stage instead of being blocked at the start. Wallach wrote that the decision was a major loss for Kalshi in the financial capital of the U.S. Crypto journalist Eleanor Terrett also noted that Torres, known for her role in the Ripple case, had returned to the center of another major legal fig