Court temporarily stops Tennessee from taking action against Kalshi
A court has issued a temporary injunction preventing the state of Tennessee from taking action against Kalshi, a cryptocurrency exchange that offers event contracts. The state had sought to regulate Kalshi's operations, claiming they violated local laws. Kalshi argued that its contracts are legal and should be classified differently. The court's decision allows Kalshi to continue its business activities in Tennessee while the legal dispute is resolved. This ruling highlights ongoing tensions between state regulations and emerging cryptocurrency platforms.
Read the full article: Coin Telegraph