Federal judge temporarily halts Tennessee's bid to shut down Kalshi sports contracts
CoinDesk
A federal judge has temporarily blocked Tennessee from preventing Kalshi from offering sports contracts within the state.Summary
A federal judge has issued a temporary halt to Tennessee's attempt to shut down Kalshi's sports contracts. The ruling prevents the state from enforcing its cease-and-desist order against Kalshi, a platform allowing users to trade on the outcomes of sporting events. Tennessee argued that Kalshi's contracts violated state gambling laws, but Kalshi contended that its offerings were not traditional gambling. The judge's decision allows Kalshi to continue operating in Tennessee while the legal dispute is resolved.
(Source：CoinDesk)