Massachusetts granted injunction against prediction market Kalshi

After Kalshi moved to dismiss it, an injunction was granted against the prediction market in favor of Massachusetts.

Judge Barry-Smith has granted an injunction against Kalshi in Massachusetts, preventing the prediction market operator from offering sport-related event contracts due to not having the correct license. The injunction will be filed by the Commonwealth no later than 4pm on January 21, with Kalshi having the opportunity to submit a response before 10am on January 23.

“At the hearing both parties discussed...