Kalshi Granted Temporary Injunction In Brand-new Jersey Sports Trading Case

2026-05-13T17:17:31Z

LaverneLemann: Die Seite wurde neu angelegt: „ Prediction market operators got more excellent news today as Kalshi won a preliminary restraining order and a short-lived injunction versus the New Jersey…“

Prediction market operators got more excellent news today as Kalshi won a preliminary restraining order and a short-lived injunction versus the New Jersey Division of Gaming Enforcement (NJDGE). Last month, the [https://cordobapedia.wikanda.es/wiki/Usuario:HalleyMedworth NJDGE released] [https://m.madeu.co.kr/davenettleton cease-and-desist] orders to Kalshi and Robinhood, another prediction market company. Key Insights: - New Jersey is among numerous states that released cease-and-desist orders to Kalshi and/or other prediction market providers over their just recently provided sports event [https://cristoforoprodan.xyz/index.php/User:DaniellaKyte futures contracts]. - This is the second [https://metazoowiki.com/index.php/User:RodolfoCampbell federal] court, after the U.S. District Court for the District of Nevada, that has [http://civigmbh.com/the-reason-we-decided-to-change-locations agreed Kalshi]. - Should prediction markets maintain their asserted right to use sporting event agreements, without state regulation or taxation, it could adversely affect state sports betting profits. After getting a cease-and-desist order from the NJDGE, [https://wordsbyparker.com/wiki/index.php?title=User:WinonaBrett48 Kalshi filed] a motion for an initial restraining order and a short-lived injunction with the U.S District Court for the District of New Jersey. In action, the NJDGE submitted an opposition to Kalshi's movement. The NJDGE argues that Kalshi made its sporting occasion contracts offered to New Jersey locals in violation of New Jersey sports betting laws and policies. Kalshi is unlicensed by the state. As a forecast market operator, nevertheless, it is federally managed by the [https://wiki.internzone.net/index.php?title=The_BET_9ja_Promo_Code_For_2026_Is_YOHAIG Commodity Futures] Trading Commission (CFTC). Kalshi argues that the state has no jurisdiction over its sporting occasion [https://ajuda.cyber8.com.br/index.php/User:KelleVigano585 agreements] as prediction markets are managed by the federal government. The NJDGE countered that sporting [https://myreklamgroup.com/corporate-workplace/ event contracts] ought to not fall under the CFTC's jurisdiction as they are not [https://hundeshoppen.dk/blog/journal-blog financial] in nature. 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And like Nevada and New Jersey, Kalshi submitted a motion for a preliminary limiting order and a temporary injunction with Maryland's U.S. District Court. Meanwhile, Ohio anticipates that it might be the next recipient of a [https://bioremediate.net/index.php/User:ChadJacoby Kalshi lawsuit]. Ohio a [http://git.salingbot.com/ignaciodonnith cease-and-desist] order to Kalshi and two other prediction market business late last month. While Kalshi seems to have the upper hand in these preliminary legal fights, the war over sports trading regulation will likely continue. For one thing, there's a lot of uncertainty in [http://111.230.243.1273000/williams31p295 federal law] and policy to keep lawyers and judges busy. 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Meanwhile, companies like DraftKings and FanDuel, which have made sizable investments to secure state licenses and state [https://oke.zone/viewtopic.php?id=541461 regulatory] approvals, have a lot to lose. Afterall, it will be hard to take on a prediction market operator that isn't required to pay up to 50% in state taxes.

Benutzer:LaverneLemann

2026-05-13T17:17:28Z

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Kalshi Granted Temporary Injunction In Brand-new Jersey Sports Trading Case

Benutzer:LaverneLemann