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US district court allows Kalshi election contracts after CFTC ruling

Regulation

A US district court ruled on 6 September that Kalshi may offer election event contracts, overturning a 2023 CFTC order that blocked them. The Commission could appeal, and its request to pause the ruling remained pending in the report. Judge Jia M. Cobb said she would explain her decision in a forthcoming opinion.

The ruling permits Kalshi to offer election contracts unless the court grants the CFTC’s requested stay or the decision is overturned.

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US district court denies NCAA request to restrict DraftKings trademark use

The US District Court for the Southern District of Indiana denied the NCAA’s request for a temporary restraining order that would have stopped DraftKings using March Madness and related trademarks during the lawsuit. The court said the NCAA had not established likely irreparable harm, while leaving open the possibility of a later preliminary or permanent injunction after further discovery.

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