New York Kalshi case exits state court after federal removal move
A New York judge has ended the state-court proceeding against prediction-market operator Kalshi after the company shifted the fight to… Continue reading New York Kalshi case exits state court after federal removal move The post New York Kalshi case exits state court after federal removal move appeared first on ReadWrite .
A New York judge has ruled that the state's legal action against prediction-market operator Kalshi is moot, following the company's decision to transfer the dispute to federal court. Supreme Court Justice Melissa A. Crane denied New York Attorney General Letitia James' request for an immediate injunction, stating the motion can be refiled if the federal court sends the case back.
Kalshi filed for removal on July 31, while New York's emergency relief request was still pending. The New York State lawsuit accuses Kalshi of operating without a gaming license and violating consumer protection laws, while Kalshi claims its event contracts are not gambling. The case will now be decided in federal court, with the possibility of returning to state court for further proceedings.
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