Judge Torres Denies Kalshi’s New York Injunction Bid
The post Judge Torres Denies Kalshi’s New York Injunction Bid appeared on BitcoinEthereumNews.com. Judge Analisa Torres denied Kalshi’s bid to block New York’s gambling regulators. Judge found New York’s gambling laws may apply to Kalshi’s sports event contracts. The ruling may shape how prediction markets face state gambling enforcement. KalshiEX LLC faced a major courtroom setback after U.S. District Judge Analisa Torres denied its request for a preliminary injunction against New York gambling regulators. The July 7 opinion leaves Kalshi without temporary protection from the New York State Gaming Commission while its lawsuit continues. Judge Torres found that New York’s gambling laws, as applied to Kalshi’s sports event contracts, were not preempted by the Commodity Exchange Act at this stage. The ruling marks a key moment in the wider prediction market fight over whether event contracts are federally regulated derivatives or state-regulated wagering products. New York Ruling Puts