Iowa federal judge rejects Kalshi injunction request over gambling regulation
By SectorWire desk ·
Summary
A federal judge in Iowa rejected Kalshi's request for a preliminary injunction against state gambling enforcement. US District Judge Stephen Locher found Kalshi unlikely to establish that federal commodities law expressly pre-empts Iowa law concerning its sports event contracts.
Why it matters
Kalshi’s injunction rejection rests on the judge finding express federal pre-emption of Iowa law unlikely for sports event contracts.