Iowa judge denies Kalshi bid to block state gambling regulation
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An Iowa federal judge has denied Kalshi's request to prevent the state from regulating its sports-related event contracts under Iowa gambling law, dealing a setback to the prediction market operator's argument that federal commodities law pre-empts state regulation. U.S. District Judge Stephen Loch…
An Iowa federal judge has denied Kalshi's request to prevent the state from regulating its sports-related event contracts under Iowa gambling law, dealing a setback to the prediction market operator's argument that federal commodities law pre-empts state regulation. U.S. District Judge Stephen Locher denied Kalshi's motion for a preliminary injunction, finding that the company...