A court order issued last week that would temporarily stop prediction market Kalshi from offering sports-event contracts in Massachusetts has been put on hold for now.
Last week, Suffolk Superior Court Judge Christopher K. Barry-Smith ruled that Kalshi cannot offer sports betting products to residents of the state without first securing a proper gambling license, according to The Boston Globe.
Despite last week’s ruling, Judge Barry-Smith has delayed enforcing the order to allow both parties time to discuss the wording of the injunction. Draft versions of the order are due by 4 February.
This all stems from Massachusetts Attorney General Andrea Joy Campbell filing a lawsuit against the prediction market last September, arguing that they effectively allow users to wager on sporting events without a license.
