Gov. Kathy Hochul will direct state agencies to eliminate or modernize antiquated requirements, and examine if task forces or councils have outlived their purpose.
The post Judge denies Kalshi bid to block New York gambling laws appeared on BitcoinEthereumNews.com.
A federal judge in Manhattan refused to shield Kalshi from New York’s gambling laws on Tuesday, deepening a split among US courts over who regulates prediction markets and pushing the fight closer to the Supreme Court. The decision matters because federal appeals courts now disagree on the central legal question, and that kind of divergence is what tends to draw the justices in. Kalshi has already asked the Second Circuit to review the ruling. It was expected that the dispute could ultimately reach the Supreme Court, and each conflicting ruling makes that outcome harder to avoid. What the judge decided US District Judge Analisa Torres, who also presided over the SEC’s case against Ripple, denied Kalshi’s request for a preliminary injunction against the New York State Gaming Commission. The order landed in KalshiEX LLC v. Williams, filed July 7 in the Southern District of New York. At i
The post Kalshi Appeals Court Loss in Sports Prediction Market Fight appeared on BitcoinEthereumNews.com.
Kalshi is appealing a New York federal judge’s rejection of its bid to block state gambling officials from enforcing local laws against the prediction market platform’s sports-related event contracts. In a notice filed on Tuesday in the US District Court for the Southern District of New York (SDNY), Kalshi said it would take the case to the US Court of Appeals for the Second Circuit. The appeal followed a same-day opinion and order denying the platform operator’s motion for a preliminary injunction against officials at the New York State Gaming Commission. The appeal escalates a growing legal fight over whether sports prediction markets are federally regulated derivatives or state-regulated gambling products. This question has already split courts across the United States. Judge Analisa Torres earlier Tuesday rejected that argument at the preliminary injunction stage, finding tha
Kalshi appealed to the Second Circuit after a New York federal judge denied its request to block state gambling officials from enforcing local laws against its sports event contracts.
The post Satoshi Bitcoin lawsuit drops 44 wallets after on-chain activity appeared on BitcoinEthereumNews.com.
A New York lawsuit seeking legal ownership of dormant Bitcoin wallets has narrowed after several listed addresses moved funds. Summary Noah Doe’s legal team dropped 44 wallets after on-chain activity challenged the abandonment claim. The removed wallets held 21,443 BTC when the lawsuit started, according to Galaxy’s Thorn. Related filings and amicus briefs argue dormant self-custody does not prove Bitcoin was abandoned. Galaxy Research head Alex Thorn said the plaintiffs in the “abandoned bitcoin” lawsuit dropped 44 of 39,069 listed defendants. The case was filed by “Noah Doe” and two Wyoming entities seeking title to long-dormant Bitcoin wallets. Thorn said every removed wallet had moved coins on-chain since the case was filed. “Every single one had moved coins onchain since the case was filed,” he wrote in a July 8 thread on X. Meanwhile, the lawsuit asks the New York Supre
The post Kalshi loses New York court bid over sports prediction markets appeared on BitcoinEthereumNews.com.
Kalshi has lost a key early fight in its New York case over sports event contracts. Summary Kalshi lost a key New York injunction bid, leaving state gambling-law claims alive. Judge Torres found Kalshi had not shown CEA preemption likely protects sports event contracts there. The ruling adds pressure while Kalshi faces state lawsuits and fast sports-market growth nationwide too. Legal analyst Daniel Wallach said Judge Analisa Torres of the Southern District of New York denied Kalshi’s request for a preliminary injunction. The ruling means New York’s case can continue to the motion-to-dismiss stage instead of being blocked at the start. Wallach wrote that the decision was a major loss for Kalshi in the financial capital of the U.S. Crypto journalist Eleanor Terrett also noted that Torres, known for her role in the Ripple case, had returned to the center of another major legal fig
The post Judge Who Ruled XRP Not a Security in Ripple Case Hands Kalshi ‘A Major, Major Loss’ in New York appeared on BitcoinEthereumNews.com.
Key Takeaways Judge Torres denied Kalshi’s injunction, ruling NY gambling laws aren’t preempted by the Commodity Exchange Act. The decision breaks with the Third Circuit’s April 2026 ruling that shielded Kalshi from New Jersey regulators. Kalshi posted a record $31 billion in June volume, raising the stakes as the case heads to motion-to-dismiss. Another Major Ruling From Torres U.S. District Judge Analisa Torres has denied prediction market exchange Kalshi a preliminary injunction against New York gaming regulators, Crypto in America journalist Eleanor Terrett reported. Torres found that New York’s gambling laws, as applied to Kalshi’s sports event contracts, are not preempted by the Commodity Exchange Act (CEA), the federal statute Kalshi has leaned on in courtrooms across the country. Image source: X The denial allows the case to proceed to t
