New York Judge Deals Setback to Kalshi in Legal Fight
A federal court in New York has handed prediction market operator Kalshi a significant legal setback, ruling that the company is not entitled to preliminary relief from state gambling enforcement while its broader lawsuit continues. The decision came from Judge Analisa Torres of the U.S. District Court for the Southern District of New York. Torres, who is widely known for overseeing the SEC’s lawsuit against Ripple, rejected Kalshi’s request for a preliminary injunction that would have prevented New York authorities […] The post New York Judge Deals Setback to Kalshi in Legal Fight appeared first on World Casino News.
A federal court in New York has handed prediction market operator Kalshi a significant legal setback, ruling that the company is not entitled to preliminary relief from state gambling enforcement while its broader lawsuit continues. The decision came from Judge Analisa Torres of the U.S. District Court for the Southern District of New York. Torres, who is widely known for overseeing the SEC’s lawsuit against Ripple, rejected Kalshi’s request for a preliminary injunction that would have prevented New York authorities […]
The post New York Judge Deals Setback to Kalshi in Legal Fight appeared first on World Casino News.
