Montana judge ends Kalshi lawsuit stay, rejects preliminary injunction request again
A federal judge has restarted Kalshi’s lawsuit against Montana officials after months of delays, while rejecting the prediction-market operator’s bid… Continue reading Montana judge ends Kalshi lawsuit stay, rejects preliminary injunction request again The post Montana judge ends Kalshi lawsuit stay, rejects preliminary injunction request again appeared first on ReadWrite .
U.S. District Judge Donald W. Molloy has resumed Kalshi's lawsuit against Montana officials and dismissed the prediction-market operator's request for an immediate injunction. Kalshi argued that Montana's interference with federal derivatives trading regulations was unlawful. However, Molloy denied Kalshi's preliminary injunction request, stating that the company's repeated requests for time extensions weakened its case for irreparable harm. The case will now proceed, and Montana must respond within 21 days.
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