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Judge blocks Illinois restrictions on Kalshi sports contracts

Regulation

US District Judge Martha Pacold granted Kalshi a partial preliminary injunction blocking Illinois from enforcing new restrictions on its sports event contracts. The judge found the contracts likely qualify as swaps under federal commodities law, but left a separate state transaction fee outside the injunction because the evidence did not establish its effect on federal law.

The injunction blocks Illinois from enforcing new restrictions on Kalshi’s sports contracts but leaves the state transaction fee untouched.

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Federal judge bars Kalshi sports contracts on suing California tribes’ lands

US District Judge Jacqueline Scott Corley granted a preliminary injunction in Blue Lake Rancheria v. Kalshi in California on Wednesday. The order bars Kalshi from offering sports contracts on the plaintiff tribes’ lands and requires the tribes to provide boundary maps by 13 November; Kalshi must report its compliance steps within 21 days.

A San Francisco federal judge has blocked Kalshi from listing sports event contracts on land belonging to the California tribes that are suing it. Judge Jacqueline Scott Corley, who sits in the Northern District of California, granted the tribes a preliminary injunction on Wednesday in the case Blue Lake Rancheria v. Kalshi.

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