Close Menu
    Facebook LinkedIn YouTube WhatsApp X (Twitter) Pinterest
    Trending
    • These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event
    • AI minister role boosted but tech department axed in Burnham shake-up
    • Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval
    • The risk of weather data sabotage is rising
    • Hand-E Now Reaches 100 mm Without Giving Up an Ounce of Precision
    • Weight loss drug effectiveness and long term maintenance
    • Here’s what Albo’s ‘Office of AI’ means for Australian tech
    • YouTube and X Have Become ‘Gateways’ to Nudify Apps
    Facebook LinkedIn WhatsApp
    Times FeaturedTimes Featured
    Thursday, July 23
    • Home
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    • More
      • AI
      • Robotics
      • Industries
      • Global
    Times FeaturedTimes Featured
    Home»News»Massachusetts granted injunction against prediction market Kalshi
    News

    Massachusetts granted injunction against prediction market Kalshi

    Editor Times FeaturedBy Editor Times FeaturedJanuary 23, 2026No Comments3 Mins Read
    Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
    Share
    Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp Copy Link


    After Kalshi moved to dismiss it, an injunction was granted in opposition to the prediction market in favor of Massachusetts.

    Decide Barry-Smith has granted an injunction in opposition to Kalshi in Massachusetts, stopping the prediction market operator from providing sport-related occasion contracts resulting from not having the right license. The injunction can be filed by the Commonwealth no later than 4pm on January 21, with Kalshi having the chance to submit a response earlier than 10am on January 23.

    “On the listening to each events mentioned, however didn’t resolve, sure particulars of the Commonwealth’s requested injunction, together with how you can prohibit new contracts with out impacting already current contracts,” mentioned the Decide, as reported by betting analyst Invoice Speros.

    Decide Barry-Smith

    "The Commonwealth's movement for a preliminary injunction is ALLOWED. Kalshi's movement to dismiss is DENIED.

    The Commonwealth is entitled to a preliminary injunction prohibiting Kalshi from providing sport-related occasion contracts within the absence of the required…

    — Invoice Speros (@billsperos) January 20, 2026

    This case dates again to the Massachusetts Lawyer Normal Andrea Pleasure Campbell first filing against Kalshi in September, arguing that the platform’s occasion contracts carefully resemble sports activities wagers and are promoted as such on TV and on-line to Massachusetts residents. Such actions, in Campbell’s view and now the court docket’s, require an official playing license.

    “The Court docket has made clear that any firm that wishes to be within the sports activities gaming enterprise in Massachusetts should play by our guidelines – no exceptions,” mentioned AG Campbell in a statement on January 20. “As we speak’s victory marks a significant step towards fortifying Massachusetts’ playing legal guidelines and mitigating the numerous public well being penalties that include unregulated playing.”

    The Massachusetts Gaming Fee has additionally praised Decide Barry-Smith’s choice, with MGC Chair Jordan Maynard saying: “The Fee appreciates the efforts of Lawyer Normal Campbell and the Workplace of the Lawyer Normal to implement Massachusetts gaming legal guidelines and is grateful for the current ruling – we’re hopeful this concern could be settled quickly. The MGC reminds Massachusetts residents that the most secure place to wager, in the event that they select to take action, is with a authorized regulated operator.”

    Assertion from MGC Chair Jordan Maynard concerning right now's prediction market information: pic.twitter.com/Tt6LvHUhhb

    — MA Gaming Fee (@MassGamingComm) January 20, 2026

    Extra proof piles in opposition to Kalshi throughout the nation

    With Kalshi dealing with comparable authorized battles in numerous states, the Massachusetts case has already been filed as supplemental proof for a case in New York, in response to gaming lawyer David Wallach.

    Search for the Massachusetts court docket choice to filed as supplemental authority by States and Tribes in different prediction market court docket circumstances. New York attracts first blood. https://t.co/vCBzIEkg06

    — Daniel Wallach (@WALLACHLEGAL) January 20, 2026

    The injunction is setting a precedent in playing regulators’ favor, doubtlessly making it extra doubtless for different judges to place comparable injunctions or obstacles in place.

    Featured picture: Kalshi / Canva

    The submit Massachusetts granted injunction against prediction market Kalshi appeared first on ReadWrite.





    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Editor Times Featured
    • Website

    Related Posts

    Kalshi lawsuits dominate prediction market news today

    July 13, 2026

    Catawba Tribe Plans Two More North Carolina Casinos

    July 3, 2026

    Polymarket scrutiny, Schwab entry – latest prediction market news

    June 23, 2026

    Honolulu gambling raid in Waimakua Place nets machines

    June 13, 2026

    New Mexico lawsuit targets Kalshi sports contracts

    June 6, 2026

    Rhode Island Senate approves sports betting market expansion

    June 5, 2026

    Comments are closed.

    Editors Picks

    These Were My Favorite Things Samsung Unpacked During Its 2026 Galaxy Event

    July 22, 2026

    AI minister role boosted but tech department axed in Burnham shake-up

    July 21, 2026

    Loop Engineering for RAG Question Parsing: The Small Loop That Runs Before Retrieval

    July 19, 2026

    The risk of weather data sabotage is rising

    July 18, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    About Us
    About Us

    Welcome to Times Featured, an AI-driven entrepreneurship growth engine that is transforming the future of work, bridging the digital divide and encouraging younger community inclusion in the 4th Industrial Revolution, and nurturing new market leaders.

    Empowering the growth of profiles, leaders, entrepreneurs businesses, and startups on international landscape.

    Asia-Middle East-Europe-North America-Australia-Africa

    Facebook LinkedIn WhatsApp
    Featured Picks

    iPhone 18: Here’s What We Know About Apple’s Next Flagship Phone

    May 8, 2026

    Oslo-based Altek AI secures €423k to expand autonomous guest communication for hotels across the Nordics

    January 23, 2026

    ChatGPT Has ‘Goblin’ Mania in the US. In China It Will ‘Catch You Steadily’

    May 7, 2026
    Categories
    • Founders
    • Startups
    • Technology
    • Profiles
    • Entrepreneurs
    • Leaders
    • Students
    • VC Funds
    Copyright © 2024 Timesfeatured.com IP Limited. All Rights.
    • Privacy Policy
    • Disclaimer
    • Terms and Conditions
    • About us
    • Contact us

    Type above and press Enter to search. Press Esc to cancel.