A Manhattan federal judge on Monday rejected Kalshi’s request for an emergency injunction against New York state officials. This marks the second denial of the platform’s motion within the current month.
The ruling allows New York gaming regulators to continue taking enforcement action against the federally regulated prediction market. Kalshi filed the motion to block state intervention while its legal challenge against state officials proceeds. The decision leaves the platform subject to ongoing regulatory review in New York.
Related Legal Developments
The Manhattan ruling was issued shortly after a federal judge in Minnesota agreed to temporarily block a state law that prohibits prediction markets. Both cases highlight the ongoing legal disputes between federally authorized trading platforms and state-level gaming authorities.