Case Background
Judge Christopher Barry-Smith of the Massachusetts Superior Court recently announced plans to issue a temporary injunction against the prediction market platform Kalshi, requiring it to halt sports-related prediction contracts until proper licensing under the state’s Sports Betting Act is obtained.
Legal Concerns
The court agreed with the state’s argument that Kalshi’s offering may violate local gambling regulations, particularly regarding unlicensed betting on sports events.
Implementation Timeline
The judge requested that the state submit a proposed injunction that safeguards existing user agreements before enforcement. Kalshi will then have the opportunity to respond, with a final ruling expected by the end of the week, though potential appeals remain possible.
Legal Timeline
- September last year: State Attorney General filed initial lawsuit over alleged violations of state gambling laws
- Recent hearing: Judge shows support for the state’s position
- Next steps: Injunction likely to trigger further legal discussion