News & Analysis as of August 12, 2025

Preliminary Injunctions

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Third Time’s The Charm for Gambling Regulators in Kalshi Litigation

Brownstein Hyatt Farber Schreck on 8/12/2025

Kalshi’s two-win streak ended with a preliminary loss in its lawsuit against Maryland gaming regulators—a shift from prior federal district court rulings and a win for states on the federal preemption issue at the center of...more

Recent State Enforcement Actions Take Aim at Sports-Based Event Contracts

Brownstein Hyatt Farber Schreck on 4/25/2025

In recent months, numerous online commodity trading markets have begun to offer sports-based event contracts concerning the outcome of various sporting events. These event contracts—which are a type of derivative...more

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Jurisdiction › Preemption › Preliminary Injunctions

Third Time’s The Charm for Gambling Regulators in Kalshi Litigation

Recent State Enforcement Actions Take Aim at Sports-Based Event Contracts

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