Judge Torres Deals Major Blow to Kalshi as New York Sports Contracts Face Scrutiny

4 weeks ago 12

Rommie Analytics

Key Takeaways:

In New York, Judge Analisa Torres granted denial to Kalshi’s request for a preliminary injunction.
The court ruled that the Commodity Exchange Act (CEA) does not preempt New York gambling laws.
The decision may embolden other State challenges to sports-event contracts.

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