In a groundbreaking ruling that could reshape the landscape of prediction markets, a federal court has sided with Kalshi, a prominent platform dedicated to trading on event outcomes. This decision is meaningful as it overturns a cease-and-desist order issued by New Jersey regulators aimed at curtailing Kalshi’s operations within the state. The court’s affirmation not only legitimizes prediction markets but also prompts critical discussions about state regulatory authority in the rapidly changing realm of digital trading. As this legal journey unfolds, industry participants and analysts are closely monitoring its ramifications for both Kalshi and the broader market environment.
Court Ruling Affirms Kalshi’s Position Against New Jersey Regulations
A recent ruling from a federal court has provided substantial backing to Kalshi,an exchange that allows users to speculate on various event outcomes. The court effectively nullified a cease-and-desist order from New Jersey regulators…
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Author : Ethan Riley
Publish date : 2025-04-30 12:03:00
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