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New Jersey judge grants Kalshi preliminary injunction for sports contracts

Regulation

A US District Court judge in New Jersey granted Kalshi’s motion for a preliminary injunction, allowing the prediction market to continue offering sports event contracts in the state for now. Judge Edward Kiel issued the ruling; the source describes it as following a separate 8 April ruling in Nevada that also allowed Kalshi to continue trading such contracts temporarily. The Commodity Futures Trading Commission had cancelled a planned prediction-markets roundtable and had not announced a replacement date.

The injunction allows Kalshi to continue offering sports event contracts in New Jersey while the legal dispute proceeds.

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Washington court blocks Kalshi sports contracts under preliminary injunction

King County Superior Court Judge John McHale granted a preliminary injunction against Kalshi, finding Washington was likely to succeed in its claims that the platform’s sports-related event contracts violate state gambling laws. The injunction is not due to take effect before 5 August, and the court directed the parties to submit proposed terms by 3 August. Kalshi said it disagreed with the court’s interpretation.

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