Connecticut judge rejects Kalshi injunction against state sports betting enforcement challenge
A federal judge has handed Connecticut regulators an early victory in their fight with prediction market operator Kalshi, refusing to… Continue reading Connecticut judge rejects Kalshi injunction against state sports betting enforcement challenge The post Connecticut judge rejects Kalshi injunction against state sports betting enforcement challenge appeared first on ReadWrite .
A federal judge in Connecticut has denied prediction market operator Kalshi's request for a preliminary injunction, allowing the state to continue enforcing its gambling laws while the lawsuit proceeds. Kalshi maintains that its event contracts are subject to the Commodity Exchange Act and are regulated exclusively by the Commodity Futures Trading Commission.
However, U.S. District Judge Vernon D. Oliver dismissed Kalshi's arguments, stating that the company did not prove its likelihood of success in addressing the key legal questions necessary to warrant emergency relief. The dispute emerged from Kalshi's expansion into sports prediction markets, which now account for 80-90% of its contracts and revenue.
Connecticut regulators initiated legal action against Kalshi and other companies in December 2025, alleging unlicensed online gambling.
Written by urgent.news from ReadWrite's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
