Overview
Kalshi’s own Connecticut suit (filed December 2025) against the state’s consumer-protection regulators, distinct from the CFTC’s preemption suit. Trade press reported in August 2026 that the court denied Kalshi a preliminary injunction, holding that sports event contracts do not meet the Commodity Exchange Act’s definition of a "swap" and that Connecticut’s gambling laws are not displaced. We have not confirmed this against the docket or the order, and we do not have the caption or docket number — so it is recorded here as reported, not established. It matters because an earlier report of a ~May 2026 pro-platform permanent injunction in Connecticut also circulated and could never be verified; that report appears to have been wrong, and this case is the likely source of the confusion.