Second Circuit Denies Kalshi Stay on NY Gambling Law Enforcement

Appeals court rejects Kalshi's request to pause NY gambling law enforcement, allowing AG to pursue injunctions and disgorgement of illegal proceeds in Supreme Court.

Woofun AI reports that the U.S. Court of Appeals for the Second Circuit has denied Kalshi's motion for an injunction to stay enforcement of New York State gambling laws while the appeal proceeds. Consequently, the New York Attorney General is now positioned to seek injunctive relief and the disgorgement of illegal proceeds against Kalshi in the New York County Supreme Court.