Federal judge rejects Kalshi bid to block New York gambling enforcement
A federal judge denied Kalshi’s request to block New York from enforcing its gambling laws against the company, and Kalshi appealed the ruling the same day. Judge Analisa Torres found that New York’s laws were not pre-empted by federal derivatives law; the appeal moves the case to the US Court of Appeals for the Second Circuit.
Kalshi remains subject to New York gambling enforcement as its appeal challenges the ruling on federal pre-emption.