A state court in Massachusetts has granted an injunction that will block Kalshi from operating in the commonwealth beginning Friday.
Suffolk County Superior Court Judge Christopher Barry-Smith handed down the order Tuesday, citing arguments that resembled prior decisions against the prediction market in federal lawsuits. However, details of the injunction appear to still need to be hashed out.
Barry-Smith’s order notes that in a hearing last month, the parties “discussed, but did not resolve, certain details of the Commonwealth’s requested injunction, including how to prohibit new contracts without impacting already existing contracts.”
As a result, Massachusetts will submit a new proposed injunction to the court Wednesday, with the aim of coming to an agreement on how to avoid impacting contracts that have already been bought.
