KalshiEX LLC v. Cafferelli

Injunction denied; on appeal (2d Cir.)2d Cir.Kalshi v. State

Docket last checked September 26, 2026. Snapshot — not legal advice.

As of September 27, 2026, the legality of prediction markets in Connecticut is unresolved — litigation is ongoing with no final ruling yet. Connecticut status and cases →

Overview

Kalshi’s own Connecticut suit (filed December 3, 2025) against the state’s consumer-protection regulators, distinct from the CFTC’s preemption suit. On August 10, 2026 Judge Vernon D. Oliver denied Kalshi a preliminary injunction; Kalshi filed its notice of appeal the same day, and the district court denied an injunction pending appeal on August 15.

This entry previously recorded the denial as press-reported and unconfirmed, because an earlier report of a ~May 2026 pro-platform permanent injunction in Connecticut had also circulated and could never be verified. That earlier report appears simply to have been wrong; this case is the likely source of the confusion. The August denial is now established from the docket, not from reporting.

Timeline

December 2025

Kalshi sues Connecticut consumer-protection regulators in federal court.

February 2026

Preliminary-injunction hearing held before Judge Oliver.

August 2026

The court denies the preliminary injunction; Kalshi files a notice of appeal the same day.

August 2026

The district court denies an injunction pending appeal; the Second Circuit refers the injunction motion to a three-judge panel.

What's next: On appeal at the Second Circuit (No. 26-2239). The Second Circuit denied a temporary injunction and referred the motion to a three-judge panel, to be heard in tandem with the injunction motion in KalshiEX LLC v. Williams (No. 26-1835) — two states, one panel.

Parties

Plaintiffs

  • KalshiEX LLC

Defendants

  • Bryan T. Cafferelli (Commissioner, Connecticut Department of Consumer Protection)
  • Kristofer Gilman
  • William Tong (Connecticut Attorney General)
  • Connecticut Department of Consumer Protection
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.