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New Jersey cites Massachusetts Kalshi ruling in Third Circuit case

Regulation

New Jersey asked the Third Circuit to consider a Massachusetts ruling that granted a preliminary injunction barring Kalshi from offering sports event contracts without a state sports wagering licence. The state is seeking to lift an order that currently prevents its regulators from enforcing gaming laws against Kalshi while litigation continues.

The appeal will determine whether New Jersey regulators can resume enforcement against Kalshi during the lawsuit.

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Third Circuit upholds Kalshi injunction in New Jersey sports markets case

The US Court of Appeals for the Third Circuit upheld a preliminary injunction allowing Kalshi to continue offering sports markets in New Jersey. Two of the three judges found Kalshi was likely to succeed in arguing that federal law pre-empts state gambling law; the ruling does not finally determine the markets’ legality. New Jersey could seek a rehearing or appeal, according to the report.

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