Kalshi battle expands as Google bans Chrome prediction market extensions
first published 2026-07-08T05:55:52Z
U.S. District Judge Analisa Torres denied Kalshi’s bid for a preliminary injunction against New York gaming regulators, ruling that state gambling laws are not preempted by the Commodity Exchange Act. The case will proceed to the motion-to-dismiss stage and adds to a split with other federal decisions that had favored Kalshi. The ruling may also influence Kalshi’s other ongoing cases as state enforcement pressure rises.
AI Analysis
The article reports a court loss for Kalshi, continued state enforcement pressure, and a legal split with prior favorable rulings. It is a meaningful near-term negative for Kalshi, though it is not direct market data for a crypto asset.
Expected Investor Sentiment: Bearish
Potential Market Impact: Significant
Source Articles
- Judge Who Ruled XRP Not a Security in Ripple Case Hands Kalshi ‘A Major, Major Loss’ in New York - Bitcoin.com
- EU to again vote to extend ‘chat control’ rules - Cointelegraph
- Kalshi loses New York court bid over sports prediction markets - Crypto News
- Judge Who Ruled on Ripple XRP Just Dealt a Major Blow to Prediction Markets - Coinpedia
- Kalshi files same-day appeal of NY court's rejection of bid to block state gambling law enforcement - Cointelegraph
- Google bans Chrome prediction market extensions amid Kalshi battle - Crypto News
