A federal judge has temporarily blocked Tennessee's effort to shut down Kalshi's sports contracts. The ruling puts a freeze on the state's cease-and-desist order. The court is now considering whether Kalshi’s platform, which is regulated by the Commodity Futures Trading Commission (CFTC), is protected from state gambling laws. The development highlights the ongoing tension between state regulations and federally regulated platforms in the financial and technology sectors.

A federal judge has temporarily blocked Tennessee's effort to shut down Kalshi's sports contracts. The ruling puts a freeze on the state's cease-and-desist order. The court is now considering whether Kalshi’s platform, which is regulated by the Commodity Futures Trading Commission (CFTC), is protected from state gambling laws. The development highlights the ongoing tension between state regulations and federally regulated platforms in the financial and technology sectors.