Judge says congressional history suggests lawmakers sought to prohibit the types of sports-event contracts offered by Kalshi. A federal judge has denied Kalshi’s motion for a preliminary injunction against New York regulators, ruling that the company failed to demonstrate that the Commodity Exchange Act (CEA) preempts the state’s gambling laws as applied to sports-event contracts. […] The post New York Judge Denies Kalshi Injunction, Finds State Gambling Laws Are Not Preempted appeared first on Gambling Insider.
Source: Gambling Insider →