TechFlow news, July 8, crypto journalist Eleanor Terrett tweeted that Judge Analisa Torres of the U.S. District Court for the Southern District of New York rejected Kalshi's application for a preliminary injunction in the related case, allowing the case to proceed to the motion to dismiss stage. The court held that New York State gambling law applies to Kalshi's sports event contracts, and such application is not preempted by the Commodity Exchange Act. This ruling means Kalshi suffers another setback in the relevant legal dispute.
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