By SectorWire desk ·
A federal court in Connecticut denied Kalshi’s request for a preliminary injunction. Kalshi sought to stop the state from applying its existing gambling laws to the prediction-market platform.
The decision leaves Connecticut’s attempt to apply gambling laws unhalted by the requested injunction.
Request a correction / right of reply
Linked through shared companies, regulators and people, or one step further through the graph.
The decision rejects Kalshi’s requested protection from Connecticut’s gambling-law enforcement.
The decision denies Kalshi the requested protection from Connecticut’s gambling-law enforcement.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
The analysis questions Kalshi’s explanation for concentrated activity in its ether perpetual contracts.
The new contracts allow partial settlement rather than requiring players to reach the full statistical target.