Kalshi Fighting Back After Legal Loss in Maryland

Kalshi Fighting Back After Legal Loss in Maryland

A judge in Maryland doesn't buy Kalshi's argument its sports prediction markets are different from typical wagers; Kalshi promptly appealed.

Maryland court hands Kalshi first legal blow as injunction request rejected

The Maryland District Court has rejected Kalshi’s bid for a temporary injunction, the first time the exchange’s sports event contracts have suffered a setback at court level.  In a bid to ensure Kalshi could continue offering the contracts in all 50 US states to anyone aged 18 and over, the company responded to a cease-and-desist order from the Maryland Lottery and Gaming Control Commission (MLGCC), issued in April, by filing a lawsuit and seeki…

Kalshi Legal Efforts Stumble in Maryland Courts

U.S. District Judge Adam Abelson denied Kalshi’s motion for a preliminary injunction It is the first legal setback Kalshi has experienced in its fight to offer sports event contracts in U.S. states Abelson noted Kalshi “failed to show a likelihood for success” that the Commodity Exchange Act preempts state laws Kalshi hit its first roadblock in Maryland courts, as a U.S. district judge denied the financial exchange and prediction market company’…

Kalshi Sports Betting Hits Wall, MD Judge Denies Injunction

Kalshi’s attempt to expand its federally regulated sports event contracts into Maryland has hit a legal roadblock. A U.S. District Court judge denied the company’s request for a preliminary injunction, ruling that Kalshi failed to show that federal commodities law overrides state gambling regulation. The decision marks Kalshi’s first courtroom loss in an ongoing legal fight that could shape the future of prediction markets. ANNAPOLIS, Md. – Kals…