Maryland Judge Rejects Kalshi’s Bid to Block State Gambling Laws; Denies Motion for Preliminary Injunction
A federal court in Maryland has rejected Kalshi’s request for a preliminary injunction, marking the company’s first major legal defeat in its broader strategy to operate prediction markets nationwide under federal oversight. U.S. District Court Judge Adam B. Abelson issued the ruling on Friday, August 1, declining to halt Maryland’s enforcement of state gambling laws against Kalshi. The company, […]
A federal court in Maryland has rejected Kalshi’s request for a preliminary injunction, marking the company’s first major legal defeat in its broader strategy to operate prediction markets nationwide under federal oversight. U.S. District Court Judge Adam B. Abelson issued the ruling on Friday, August 1, declining to halt Maryland’s enforcement of state gambling laws against Kalshi. The company, […]
