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Ripple Lawsuit-Linked Judge Torres Hands Kalshi a Big Loss in NY Prediction Markets Case

Ripple Lawsuit-Linked Judge Torres Hands Kalshi a Big Loss in NY Prediction Markets Case

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Judge Analisa Torres ruled July 7 that the Commodity Exchange Act does not preempt New York's gambling laws, clashing with April's 2-1 Third Circuit decision that went Kalshi's way in New Jersey.

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