The Federal Judge Halts Connecticut's Enforcement of Kalshi's Betting Law

By: theblockbeats.news|2025/12/10 21:16:00
0
Share
copy

BlockBeats News, December 10th, U.S. Federal Judge Victor Bolden has issued a temporary restraining order to prevent the state of Connecticut from enforcing gambling laws against the prediction market platform Kalshi until the court rules on the company's request for a preliminary injunction.

This action is in response to the Connecticut Department of Consumer Protection's injunction last week against Kalshi, Robinhood, and Crypto.com, alleging that these platforms were providing "unlicensed online sports betting" services.

Kalshi argues that as a designated contract market by the CFTC (Commodity Futures Trading Commission), it falls under federal exclusive jurisdiction and is not subject to state gambling regulations. The company is facing a nationwide regulatory challenge, having previously obtained a similar injunction in New Jersey but recently lost its preliminary injunction to shield it from enforcement actions in Nevada.

The court has scheduled a hearing for oral arguments on February 12, 2026, during which Connecticut officials have been asked to halt any enforcement actions.

You may also like

Stop Talking About Gold, Bitcoin Is Not a Safe Haven Asset

One cannot rely on macro narratives like "Gold Rotation" to determine whether Bitcoin has bottomed. True bottom signals will only appear during position unwinding and extreme pessimistic sentiment.

Aave Founder: What Is the Secret of the DeFi Lending Market?

When on-chain lending becomes significantly cheaper to operate end-to-end compared to traditional lending, mass adoption becomes not a question of if, but of when.

The Trader's Playbook: 7 Market Cycle Lessons From LALIGA’s 90 Minutes

What do LALIGA matches teach about crypto markets? Learn how consolidation, breakouts, and late-cycle volatility shape disciplined trading decisions.

How Smart Money Tracker Survived Live AI Trading at WEEX AI Hackathon

Discover how WEEX AI Trading Hackathon tested strategies with real capital—no simulations. See how Smart Money Tracker survived flash crashes and leveraged 18x in live markets.

80% Win Rate to 40% Drawdown: An AI Trader's Brutal Recalibration at WEEX AI Wars

Dive into the technical blueprint of an AI trading system built on LLaMA reasoning and multi-agent execution. See how Quantum Quaser uses confidence thresholds & volatility filters at WEEX AI Wars, and learn the key to unlocking 95% win rate trades.

AI Trading Strategy Explained: How a Beginner Tiana Reached the WEEX AI Trading Hackathon Finals

Can AI trading really outperform human emotion? In this exclusive WEEX Hackathon finalist interview, discover how behavioral signal strategies, SOL trend setups, and disciplined AI execution secured a spot in the finals.

Popular coins

Latest Crypto News

Read more