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Connecticut pauses enforcement against Kalshi pending injunction motion

Regulation

Connecticut agreed not to take enforcement action against Kalshi while a federal court considers the company’s request for a preliminary injunction against the state Department of Consumer Protection Gaming Division. The state’s response is due 9 January 2026, and Kalshi’s reply is due 30 January; the cease-and-desist order had targeted sports event contracts.

The agreement allows Kalshi to continue offering sports event contracts in Connecticut while its injunction motion is pending.

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Regulation

Illinois appeals injunction blocking enforcement of prediction markets law

Illinois officials appealed to the Seventh Circuit after a federal judge barred the state from enforcing its event-contract licensing and tax law. Judge Martha Pacold’s 30 October order covers licensing, fees, taxes and enforcement measures concerning swaps, including sports event contracts offered by CFTC-registered companies.

Illinois officials took the matter to the Seventh Circuit after a federal judge stopped the state from applying its event-contract licensing and tax law, the report said. The ruling came from Judge Martha Pacold in an order dated Friday, Oct. 30, according to the report. Pacold's order blocks enforcement of licensing requirements, associated fees, taxes and related criminal provisions, the report said.

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