A federal court has denied Kalshi’s request for a preliminary injunction in Connecticut
Kalshi levied a lawsuit against the Connecticut Department of Consumer Protection earlier this year
The court found Kalshi’s sports event contracts do not satisfy the statutory definition of a swap under the Commodity Exchange Act
U.S. District Court District of Connecticut has denied Kalshi’s motion for a preliminary injunction in Connecticut, which now clears the way for the state to enforce its gambling laws against the prediction market operator.
District of Connecticut Judge Vernon D. Oliver today denied Kalshi’s motion for a preliminary injunction, noting that sports event contracts do not satisfy the statutory definition of a swap under the Commodity Exchange Act (CEA).
