Preliminary injunction argued; decision pending2d Cir.CFTC v. State
Docket last checked September 26, 2026. Snapshot — not legal advice.
As of September 27, 2026, New York has a restriction on prediction-market platforms currently in effect. New York status and cases →
Overview
The United States (through the DOJ) and the CFTC sued New York (filed April 24, 2026, S.D.N.Y.) to block state enforcement against prediction-market platforms and reaffirm exclusive federal jurisdiction — running parallel to Kalshi’s own suit (KalshiEX LLC v. Williams). The complaint names the State, Governor Kathleen Hochul, Attorney General Letitia James, and the New York State Gaming Commission (including Executive Director Robert Williams). The federal-agency track is pending. (Caption + docket confirmed against the CFTC complaint PDF: S.D.N.Y. No. 1:26-cv-03404.)
Changes
Logged September 22, 2026
Hearing
Judge Schofield heard the United States’ and the CFTC’s preliminary-injunction motion against New York, jointly with Crypto.com’s, and did not rule from the bench. Reports describe her as skeptical, citing the courts that have already denied relief.
CFTC sues New York to block enforcement against prediction-market platforms.
July 31, 2026
The court denies a temporary restraining order without prejudice.
September 14, 2026
Judge Schofield hears the preliminary-injunction motion together with Crypto.com’s; no ruling from the bench.
What's next: A ruling on the preliminary injunction. Coinbase and Gemini, as proposed intervenors, filed in support; the American Gaming Association filed against. Runs alongside the Kalshi v. Williams appeal.
Parties
Plaintiffs
United States of America (Department of Justice)
U.S. Commodity Futures Trading Commission
Defendants
State of New York
Kathleen Hochul (Governor)
Letitia James (Attorney General)
New York State Gaming Commission
Robert Williams (Executive Director) and Commission members
This page is informational, not legal advice. Nearly every entry in this tracker is a preliminary ruling under appeal. Always verify a platform's current, location-specific eligibility directly with the venue before relying on this page.