Comment by bhouston | Hacker News Reader

Comment by bhouston | Hacker News Reader

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Your claim here is wrong:

> 2. The State of NY files for a temporary restraining order requiring Kalshi to halt trading nationally, not just in NY.

The State of New York did *NOT* file a temporary restraining order, neither in NY or nationally. Please find a citation of that if you want to claim it is true.

Rather the State of New York filed suit here to stop operations in New York:

https://ag.ny.gov/press-release/2026/governor-hochul-and-att...

Specifically the lawsuit asks for:

"Permanently enjoining Respondent and its principals, agents, and employees from operating an unlawful gambling business, or otherwise advancing gambling activity, or profiting from gambling activity, within or from New York or to persons in New York, without being licensed by the New York State Gaming Commission"

That claim is coming directly from the CFTC, it is not this user's novel claim.

It seems that overall the CFTC and the NYAG are presenting materially different event time lines, so as an outsider it's a bit unclear what is actually happening.

Easy: the CFTC is not credible.

The online gambling industry put their guy in charge of the CFTC (Michael Selig).

Their main goal is to preempt all state regulation of their gambling platforms. To that end Selig is promoting the novel theory that sports betting is trading of commodities and therefore should be "regulated" solely by his agency.

Selig should leave.

New York did file for a TRO: https://storage.courtlistener.com/recap/gov.uscourts.nysd.66...

New York seems to think it has legal authority over things it does not.

But that one seems be about halting trading in NY, not nationally:

> preliminarily and permanently enjoining Respondent and its principals, agents, and employees from:

> a. operating an unlawful gambling business, or otherwise advancing gambling activity or profiting from gambling activity, within or from New York or to persons in New York, [...]

So this claim from GP still looks incorrect:

> 2. The State of NY files for a temporary restraining order requiring Kalshi to halt trading nationally, not just in NY.

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