News & Analysis as of September 14, 2025

Preemption

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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

New Jersey Federal Court Sides with Kalshi Over Prediction Market Contracts

Holland & Knight LLP on 5/5/2025

Prediction market platform Kalshi has secured a preliminary injunction against the New Jersey Division of Gaming Enforcement (the Division), preventing the state from enforcing a cease-and-desist order that aimed to halt...more

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State and Local Government › Commodity Exchange Act (CEA) › Preemption

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

New Jersey Federal Court Sides with Kalshi Over Prediction Market Contracts

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