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JUST IN: Kalshi has filed an emergency motion for a temporary restraining order and preliminary injunction against the New ...

Event-betting platform Kalshi has sued New York state regulators for overreach, staging a preemptive strike weeks after Crypto.com lost a similar case in Nevada.

Kalshi argues that the CFTC has exclusive jurisdiction over derivatives on federally regulated exchanges, and state ...

Kalshi sues New York over sports prediction market shutdown, claiming federal derivatives authority preempts state gambling ...

New York became the latest state to start a legal fight with Kalshi after the regulators sent a cease-and-desist letter to ...

Sports betting stocks, including DraftKings, have recently been sapped by the rise of prediction markets, but this ...

Kalshi has taken the New York State Gaming Commission to court, arguing the watchdog overreached in trying to block its ...

Kalshi filed a motion for preliminary injunction against the New York Gaming Commission on Monday, following a Friday ...

Kalshi preemptively filed a federal lawsuit against New York regulators to prevent its sports prediction markets from being ...

By suing first, Kalshi controls the narrative to focus on federal preemption rather than contract legality, Decrypt was told.