Ripple Judge Delivers Major Blow to Prediction Market Kalshi in NY Gambling Showdown
Covered by 2 sources · 2 articles
2 outlets - including Captainaltcoin and Cryptotimes - are covering this story. Judge Analisa Torres, the federal judge who presided over the landmark Ripple case, is back at the center of another major legal battle. This time, she is presiding over a case involving Kalshi, the regulated event‑contract exchange. On Jul…
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Ripple’s Case Judge Torres Just Dealt a Major Blow to Kalshi
Judge Analisa Torres, the federal judge who presided over the landmark Ripple case, is back at the center of another major legal battle. This time, she is presiding over a case involving Kalshi, the regulated event‑contract exchange. On Jul…
Ripple Judge Delivers Major Blow to Prediction Market Kalshi in NY Gambling Showdown
Judge Torres ruled that federal commodities law does not override New York's gambling laws, rejecting Kalshi's bid for an injunction and allowing the state's enforcement action to proceed.