The U.S. District Court judge hearing a New York prediction market company’s bid to offer contracts on sports outcomes, similar to taking sports bets, has taken under advisement a request to dissolve a preliminary injunction against the state.
District Judge Andrew Gordon on Friday said he’s leaning toward granting the request from the state’s gaming regulatory boards to dissolve the injunction, which effectively would prevent KalshiEx LLC from writing prediction contracts on sports outcomes within the state until the company’s lawsuit against the Nevada Gaming Control Board is resolved.
Experts have predicted that the dispute could ultimately be taken to the U.S. Supreme Court.
