Operator v. state
KalshiEX LLC v. Cafferelli
U.S. Court of Appeals for the Second Circuit, 26-2239
Pending
Pending; on Sept. 3, 2026 the court ordered it heard in tandem with Nos. 26-1835 (Kalshi v. Williams, New York) and 26-2297 (Coinbase v. Tong). No argument date or ruling found as of Oct. 21, 2026.
The question
Whether the Commodity Exchange Act preempts Connecticut gambling or sports-wagering law as applied to event contracts listed on a CFTC-designated contract market.
Kalshi is appealing the denial of preliminary relief against Connecticut regulators, alongside its New York appeal.
Docket timeline
Tandem-hearing order.
Source: dockets.justia.com
Appeal docketed.
Source: dockets.justia.com