Massachusetts judge poised to tell Kalshi to stop taking sports bets in state

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Source: CryptoNewsNet Original Title: Massachusetts judge poised to tell Kalshi to stop taking sports bets in state Original Link: https://cryptonews.net/news/legal/32308639/ A judge in Massachusetts is on his way toward issuing a preliminary injunction to stop Kalshi’s sports prediction contracts there, agreeing with state authorities that they’re potentially violating its sports-betting laws.

Superior Court Justice Christopher Barry-Smith issued a ruling on Tuesday that says the court is on its way this week toward prohibiting Kalshi “from offering sports-related event contracts in the absence of the required license under the Sports Wagering Law.”

The judge said that the state needs to propose its injunction tomorrow in such a way that it doesn’t derail people’s existing contracts, then by Friday Kalshi has to respond to that proposal. The judge will order the halt at the end of the week under that agreement, though a window remains open for requested stays or delays.

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