New Jersey Attorney General Matthew Platkin opposed Kalshi’s bid for a preliminary injunction, arguing that its sports event contracts fall outside federal pre-emption and remain subject to state sports wagering law. Kalshi has argued that state law does not apply to its platform; the court’s decision was not stated.
Kalshi’s New Jersey case may determine whether its sports event contracts require a state sports wagering licence.
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Kalshi has asked a Washington State Superior Court to reconsider a preliminary injunction covering its sports event contracts. The request cites new legal developments, but the available report gives no further details.
Crypto.com-owned North American Derivatives Exchange, doing business as OG, sued Washington state officials in federal court on 22 July, seeking declaratory and injunctive relief. The company alleges that state enforcement of gambling laws threatens its sports event contracts, which it says operate under the Commodity Futures Trading Commission’s jurisdiction.
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.
A King County Superior Court judge granted a preliminary injunction against Kalshi, finding the prediction market operator is likely violating Washington's gambling laws. The judge rejected Kalshi's argument that federal commodities law blocks state enforcement. The injunction was filed on Monday.
Rhode Island Attorney General Peter Neronha filed a lawsuit on 21 May seeking to block Kalshi and Polymarket from offering sports event contracts in the state. Neronha argues the contracts amount to sports wagering subject to Rhode Island gambling laws; the companies say they fall under federal CFTC oversight instead.