ME News reports that on July 30 (UTC+8), attorney Daniel Wallach posted on X that the U.S. Second Circuit Court of Appeals denied Kalshi’s motion to stay enforcement of New York State’s gambling laws during the appeal. The New York State Attorney General may now pursue injunctive relief and disgorgement of ill-gotten gains against Kalshi in the New York County Supreme Court. (Source: ODAILY)
U.S. Second Circuit Court Denies Kalshi’s Request to Halt Enforcement of New York Gambling Law
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Summary
On July 30, lawyer Daniel Wallach announced on X that the U.S. Second Circuit Court denied Kalshi’s request to block enforcement of New York’s gambling law. The ruling permits the New York Attorney General to seek an injunction and pursue illegal profits in the New York County Supreme Court. This action could prompt broader enforcement actions under CFTC regulations.
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