Kalshi appealed after a New York federal judge refused to block state gambling officials from enforcing local laws against its sports event contracts.

Some of the many battles with state gaming regulators aren't going well for the industry at the moment, but it isn't without its would-be government protectors.

A federal judge denied Kalshi's preliminary injunction in New York, deepening a circuit split over whether prediction markets are financial products or

The judge said New York gambling laws, as applied to Kalshi's sports-event contracts, are not preempted by the federal Commodity Exchange Act.

Kalshi appealed after a New York federal judge refused to block state gambling officials from enforcing local laws against its sports event contracts.

NEW YORK, July 8 : A federal judge denied Kalshi's bid to block New York from enforcing its gambling laws against the prediction markets platform, amid a growing battle between…

Federal judge denies Kalshi's preliminary injunction against New York gambling law, ruling the Commodity Exchange Act doesn't preempt state regulations.

In a decision on Tuesday, US District Judge Analisa Torres in Manhattan said Kalshi did not deserve a preliminary injunction, because the federal Commodity Exchange Act did not…

Kalshi tried to ignore gambling laws on its prediction market, NY governor says.