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State v. operator

Commonwealth of Massachusetts v. KalshiEX LLC

Massachusetts Superior Court, Suffolk County, 2584CV02525

On appeal

Judge Christopher Barry-Smith's preliminary injunction (Jan. 20, 2026) barring Kalshi's sports event contracts in Massachusetts without a license was stayed pending appeal by the Appeals Court on Feb. 17, 2026. The appeal was transferred to the Supreme Judicial Court (No. SJC-13906) in early March 2026 and argued on May 4, 2026; no decision found as of Oct. 21, 2026, and the stay was still described as in effect in October 2026 reporting.

The question

Whether the operator's event contracts are unlicensed gambling under Massachusetts law, or whether federal commodities law preempts the state's claims.

Massachusetts alleges Kalshi offers sports wagers without a Gaming Commission license, accepts users aged 18 to 20 and lacks required responsible-gaming tools. The Superior Court denied Kalshi's motion to dismiss and granted a preliminary injunction, but the Appeals Court stayed the injunction while Kalshi appeals; the appeal is now before the Supreme Judicial Court.

Open question

Docket timeline

  1. Supreme Judicial Court hears argument on Kalshi's appeal.

    Source: bloomberg.com

  2. CFTC files an amicus brief at the SJC supporting Kalshi.

    Source: cftc.gov

  3. Appeal transferred to the Supreme Judicial Court (SJC-13906); briefing schedule set (month only; reported March 12, 2026 as 'last week').

    Source: statehousenews.com

  4. Appeals Court allows Kalshi's motion for a stay pending appeal.

    Source: ingame.com

  5. Attorney General announces the preliminary injunction and denial of Kalshi's motion to dismiss.

    Source: mass.gov

  6. Case appears on the D. Mass. docket as No. 1:25-cv-12595 (apparent removal).

    Source: dockets.justia.com

  7. Attorney General files suit in Suffolk Superior Court.

    Source: mass.gov

Sources

  1. Mass. AG release: AG Campbell sues Kalshi (2025-09-12)
  2. Mass. AG release: court order blocks Kalshi sports wagers (2026-01-20)
  3. InGame: Kalshi gets a reprieve as Massachusetts court stays injunction (2026-02-18)
  4. State House News: high court sets timeline in Kalshi case (2026-03-12)
  5. Justia Dockets search listing: party KalshiEX (p. 7)
  6. CFTC release 9219-26: CFTC amicus at Mass. SJC (2026-04-24)
  7. Vultax prediction market lawsuit tracker (updated 2026-10-19)
  8. Law360: Kalshi wins stay of Mass. injunction amid appeal (headline)
  9. DeFi Rate legal-cases CSV (row CUR-048: injunction stayed pending appeal)
  10. Bloomberg: Kalshi grilled by Massachusetts high court (2026-05-04)

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