U.S. Judge Analisa Torres Issues Major Ruling Against Prediction Market Platform Kalshi
Federal judge Analisa Torres, known for her landmark XRP ruling in July 2023, has delivered another significant decision impacting the crypto industry by issuing a setback to prediction market platform Kalshi on July 7. The court ruled against Kalshi's request for a temporary restraining order and preliminary injunction after it claimed its sports contracts are regulated as swaps under CFTC jurisdiction.
Tickers: $XRP
Topics: crypto regulation Kalshi prediction markets SEC lawsuit XRP