Kalshi wins temporary shield as Tennessee court halts crackdown on sports markets
Summary Federal judge Aleta Trauger granted Kalshi a temporary restraining order blocking Tennessee from enforcing its cease-and-desist order for now. Tennessee regulators had ordered Kalshi, Polymarket, and Crypto.com to halt sports markets, void contracts, refund users, and wind down in-state activity. The case hinges on whether CFTC derivatives oversight preempts state gambling law, with prior…

