2025-12-10 16:21:06

A U.S. district court just handed Kalshi a temporary win in Connecticut. The judge issued an order preventing state authorities from enforcing gambling statutes against the prediction market platform—at least for now.

This legal pause gives Kalshi breathing room as the case develops. The ruling doesn't settle the core question of whether prediction markets fall under gambling laws, but it stops Connecticut from taking immediate action while litigation unfolds.

For anyone tracking regulatory battles around decentralized prediction platforms, this marks another chapter in the ongoing clash between traditional gambling frameworks and emerging financial instruments. The outcome could set precedents for how states handle similar platforms going forward.

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

20 Likes

Reward
20
6
Repost
Share

Comment

0/400

GasFeeVictim

· 2025-12-13 08:27

Oh, it's the same old story again. Winning temporarily doesn't help; the state government will keep bothering us. It'll be another round next year.

View OriginalReply0

ZenZKPlayer

· 2025-12-12 13:57

Haha, Kalshi won another round. Connecticut has temporarily let it go this time. But it's just a delaying tactic; the real battle is still ahead...

View OriginalReply0

TokenomicsTinfoilHat

· 2025-12-10 16:50

Kalshi this round won, but it was only a temp order. State governments will eventually find an opportunity to strike back. The real battle is still ahead.

View OriginalReply0

AirdropCollector

· 2025-12-10 16:49

Karshi this time managed to escape a disaster, but it’s only temporary; the real drama is still to come.

View OriginalReply0

GateUser-a180694b

· 2025-12-10 16:41

Kalshi has won again, but this time it's just temporary, haha --- Where exactly is the boundary between prediction markets and gambling... --- Connecticut took a step back, but in the long run, this is not the end --- Legal tug-of-war, traditional finance vs. new stuff, it's always so complicated --- Uh, it's actually just a pause, the real problem hasn't been answered yet --- It's the same old story... regulators always want to block new things, but they can't beat the courts --- It seems that prediction markets will ultimately need to be categorized, the question is how to categorize them --- Connecticut's attitude has softened, will other states follow suit? --- Honestly, Kalshi's win this time is a bit uncertain, just a temporary measure

View OriginalReply0

HorizonHunter

· 2025-12-10 16:40

Connecticut's Kalshi won a temporary victory, but it seems more like a delaying tactic.

View OriginalReply0