U.S. Court Rejects Kalshi's Preliminary Injunction Request, Clears Path for Motion to Dismiss Hearing

KALSHI0.18%
According to Eleanor Terrett's post on X, U.S. District Court Judge Analisa Torres in the Southern District of New York rejected Kalshi's preliminary injunction application in a recent ruling, allowing the case to proceed to a motion to dismiss hearing. The court determined that New York State gambling law applies to Kalshi's sports event contracts and is not preempted by the Commodity Exchange Act.
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