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		<id>http://www.vokipedia.de/index.php?title=Kalshi_Granted_Temporary_Injunction_In_Brand-new_Jersey_Sports_Trading_Case</id>
		<title>Kalshi Granted Temporary Injunction In Brand-new Jersey Sports Trading Case</title>
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				<updated>2026-05-03T20:00:07Z</updated>
		
		<summary type="html">&lt;p&gt;FQKKarina3: Die Seite wurde neu angelegt: „&amp;lt;br&amp;gt;Prediction market operators got more [https://weightloss411.com/author-profile/renelau6726990/ excellent news] today as Kalshi won an initial limiting orde…“&lt;/p&gt;
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&lt;div&gt;&amp;lt;br&amp;gt;Prediction market operators got more [https://weightloss411.com/author-profile/renelau6726990/ excellent news] today as Kalshi won an initial limiting order and a short-lived injunction against the New Jersey Division of Gaming Enforcement (NJDGE). Last month, the NJDGE provided cease-and-desist orders to Kalshi and Robinhood, another prediction market service provider.&amp;lt;br&amp;gt; &amp;lt;br&amp;gt;&amp;lt;br&amp;gt;Key Insights:&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;- New Jersey is among several states that provided cease-and-desist orders to Kalshi and/or other forecast market providers over their just recently offered sports event futures contracts.&amp;lt;br&amp;gt;- This is the second federal court, after the U.S. District Court for the District of Nevada, that has actually sided with Kalshi.&amp;lt;br&amp;gt;- Should prediction markets preserve their asserted right to use sporting event contracts, without state guideline or tax, it could [http://server.ayaojies.com.cn3000/francescochild/the-bet9ja-promo-code-for-2026-is-yohaig/wiki/The+Bet+9Ja+promotional+code+2026+is+YOHAIG adversely affect] state sports betting revenues.&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;After getting a cease-and-desist order from the NJDGE, Kalshi submitted a motion for an initial restraining order and a [https://gitea.micro-stack.org/tarahparrott10/the-bet-9ja-promotion-code-2026-is-yohaig/wiki/The-Bet-9Ja-promotional-code-for-2026-is-YOHAIG short-lived injunction] with the U.S District Court for the District of New Jersey. In action, the NJDGE filed an opposition to Kalshi's motion.&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;The NJDGE argues that Kalshi made its sporting event agreements available to New Jersey citizens in violation of New Jersey sports wagering laws and regulations. Kalshi is [https://onlyaimovies.com/@sammylowery04?page=about unlicensed] by the state. As a forecast market operator, nevertheless, it is federally regulated by the Commodity Futures Trading Commission (CFTC).&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;[http://git.qiniu1314.com/leoworley61375/the-bet9ja-promo-code-for-2026-is-yohaig/wiki/The+BetNaija+promotion+code+for+2026+is+YOHAIG Kalshi argues] that the state has no jurisdiction over its sporting event agreements as [https://mygit.iexercice.com/lila9951679545 forecast markets] are managed by the federal government. The NJDGE countered that [http://www.businessfreedirectory.biz/details.php?id=586529 sporting occasion] contracts need to not fall under the CFTC's jurisdiction as they are not financial in nature. The huge majority of regulated futures contracts are based upon the future rates of commodities or other [http://tpp.wikidb.info/%E5%88%A9%E7%94%A8%E8%80%85:JaclynOqe91 monetary securities].&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;On both points, the judge agreed Kalshi.&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;quot;I am persuaded that Kalshi's sports-related event agreements fall within the CFTC's unique jurisdiction and am doubtful by the accused's arguments to the contrary,&amp;quot; Judge Edward Kiel wrote. &amp;quot;Defendants argue that sporting events lack possible financial, economic, or business repercussion. On the record before me, I disagree.&amp;quot;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;The next states in Kalshi's sights&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;Like Nevada and New Jersey, Maryland issued Kalshi a cease-and-desist order. And like Nevada and New Jersey, Kalshi filed a movement for an initial limiting order and a short-lived injunction with Maryland's U.S. District Court.&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;Meanwhile, Ohio expects that it might be the next recipient of a Kalshi lawsuit. Ohio provided a cease-and-desist order to Kalshi and two other forecast market business late last month.&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;While Kalshi seems to have the upper hand in these preliminary legal fights, the war over sports trading [https://gratisafhalen.be/author/donnymurrel/ guideline] will likely continue. For one thing, there's a lot of uncertainty in federal law and policy to keep lawyers and [http://18.162.219.310080/trinidadgrenie judges busy].&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;The Federal Wire Act [https://robbarnettmedia.com/employer/the-bet-9ja-promotion-code-for-2026-is-yohaig/ forbids] interstate sports betting, which is one reason why sports wagering is legislated and managed intrastate. Meanwhile, CFTC Rule 40.11(a)( 1) [http://www.vokipedia.de/index.php?title=Benutzer:FQKKarina3 restricts] any [https://propertymanzil.pk/author/janiedenmark3/ occasion contract] &amp;quot;that involves, relates to, or recommendations terrorism, assassination, war, gaming, or an activity that is illegal under any State or Federal law ...&amp;quot;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;&amp;lt;br&amp;gt;Also, there is just too much at stake for the states to [https://aws-poc.xpresso.ai/gitlab/mohammadhatfie simply fold]. For example, New Jersey generated $138.3 million in online sports wagering tax [https://lunarishollows.wiki/index.php?title=User:PansyBurrow65 earnings] last year. Should prediction markets dominate, states stand to lose one of their most recent and  [https://www.1ahar.com/anitra07x02101 streams]. Meanwhile, companies like DraftKings and FanDuel, which have made sizable financial investments to [https://git.raiseyourjuice.com/hermine58j8689 protect] state licenses and state [https://roleropedia.com/index.php?title=Usuario:RacheleTaber regulatory] approvals, have a lot to lose. Afterall, it will be tough to take on a prediction market operator that isn't needed to pay up to 50% in state taxes.&amp;lt;br&amp;gt;&lt;/div&gt;</summary>
		<author><name>FQKKarina3</name></author>	</entry>

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				<updated>2026-05-03T20:00:05Z</updated>
		
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