A Massachusetts judge who was set to decide on whether to let an injunction banning Kalshi from the state come into effect instead kicked the can down the road Friday, seemingly ensuring that the prediction market will remain available in the Commonwealth until after the Super Bowl.
The hearing Friday followed a decision on Tuesday to grant an injunction that would have banned Kalshi from offering sports event contracts in the state. In the Friday hearing, Judge Christopher Barry-Smith was set to decide whether to grant Kalshi a stay to prevent enforcement of the injunction.
If the injunction was not stayed, it was set to go into effect once the hearing ended.
