Judge Who Ruled XRP Not a Security in Ripple Case Hands Kalshi ‘A Major, Major Loss’ in New York
Judge Analisa Torres, best known for the SEC v. Ripple ruling, has denied Kalshi’s bid for a preliminary injunction against New York gaming regulators, finding the state’s gambling laws are not preempted by federal commo...
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Archive context. The story has cross-source confirmation.
Why this matters
XRP is showing up inside the Prediction Markets theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
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Kalshi must lock out state users after major court loss
The Sixth Circuit ruled Sept. 25 that Ohio and Tennessee can apply their gambling laws to Kalshi's sports contracts. The court rej...
Kalshi Loses Again as Sixth Circuit Says States Can Police Its Sports Contracts
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