FlightAware dismissed the case without prejudice under Rule 41(a)(1)(A)(i), which leaves it free to refile the same claims. Judge Arun Subramanian had set a temporary restraining order hearing for Aug. 13 before the dismissal ended the case. The six-count complaint pleaded Lanham Act trademark infringement, breach of contract and New York unfair competition. Kalshi’s market … Read more
The CFTC ordered KalshiEX LLC to keep operating under the Commodity Exchange Act’s Core Principles and its normal practices. KalshiEX notified the commission of a market emergency on Aug. 1, and that notification triggered the federal order. New York’s July 31 complaint seeks to bar all Kalshi event contracts nationwide and more than $36 billion … Read more
A federal judge denied the CFTC’s emergency bid to halt New York’s gambling case against prediction market Kalshi. The order reached the docket Aug. 3 and found the agency showed neither likely success on the merits nor irreparable harm. New York seeks $100,000 for each unauthorized sports wagering offer plus a penalty of three times … Read more