Kalshi has secured a temporary injunction in Minnesota to block a newly proposed state statute, while an emergency bid in New York was recently denied. The Minnesota court order halts legislation that was scheduled to take effect on August 1 and would have introduced criminal penalties for specific market operations.
Minnesota Ruling and Regulatory Protections
The injunction in Minnesota explicitly protects CFTC-regulated exchanges from the upcoming state law. The statute was set to impose criminal penalties on operators and participants once it became active on August 1. The court’s decision prevents these provisions from being enforced while the legal challenge remains under review.New York Proceedings
In New York, the court rejected Kalshi’s emergency bid, leaving the company’s current standing in the state unchanged. The denial indicates that immediate relief was not granted, and the matter will proceed through standard legal channels. Both decisions reflect continued regulatory examination of prediction market platforms across multiple jurisdictions.Source: iGaming Express.