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 and state regulators over authority to police the fast-growing industry.In a decision on Tuesday, U.S. District Judge Analisa

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

Judge Analisa Torres of Ripple fame denied Kalshi a preliminary injunction, finding NY gambling laws aren't preempted by the Commodity Exchange Act.