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Nevada judge blocks gaming board action against Kalshi

Regulation

A US district court judge granted Kalshi a preliminary injunction on 8 April, barring Nevada gaming authorities from pursuing civil or criminal action over its event contracts on a CFTC-designated market. The order says state agencies cannot determine that the activity violates state law while it remains legal under federal law; Nevada's attorney general had argued federal law did not pre-empt state gaming rules.

The injunction limits Nevada's enforcement options against Kalshi’s event contracts while the case proceeds.

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New York judge questions CFTC bid to block state action against prediction markets

US District Judge Lorna G. Schofield questioned the CFTC's prospects of securing a preliminary injunction to prevent New York from enforcing gambling laws against event-contract platforms. At a 14 September hearing, the agency argued that the contracts fall under its exclusive authority; New York, the American Gaming Association and 44 state attorneys general oppose that position. Federal appeals courts have issued conflicting rulings, and the Supreme Court has been asked to resolve the dispute.

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