A federal judge has denied Kalshi's request to prevent New York from enforcing its gambling statutes against the prediction market operator.

A federal judge has denied Kalshi's request to prevent New York from enforcing its gambling statutes against the prediction market operator. Southern District of New York Judge Analisa Torres rejected Kalshi's motion for a preliminary injunction in KalshiEX LLC v. Williams on Tuesday. Kalshi filed a notice of appeal to challenge the decision.