Private civil suit
Pernas v. KalshiEX LLC, et al.
U.S. District Court for the Southern District of New York, 1:26-cv-07419
Pending
Cite this page
Bluebook
Pernas v. KalshiEX LLC, et al., Prediction Market Laws (last updated Oct. 21, 2026), https://predictionmarketlaws.com/lawsuits/pernas-v-kalshiex.
APA
Prediction Market Laws. (2026, October 21). Pernas v. KalshiEX LLC, et al.. https://predictionmarketlaws.com/lawsuits/pernas-v-kalshiex
Pending before Judge Margaret M. Garnett. The plaintiff filed an emergency motion for an order to show cause with the complaint on Aug. 31, 2026; a docket tracker reports the judge denied the requested temporary restraining order that day. No later rulings were found.
The question
Whether Kalshi breached its contract or violated the CEA or New York consumer law by resolving a Trump-Trudeau meeting contract 'No', cancelling resting orders and restricting a user's withdrawals, as the plaintiff alleges.
Kalshi user Nicolas Pernas sued KalshiEX, Kalshi Inc., Kalshi Klear, LedgerX and Rothera Exchange and Clearing in federal court in Manhattan on Aug. 31, 2026. He alleges that Kalshi resolved a contract on a Trump-Trudeau meeting the wrong way, cancelled his resting orders and restricted about $25,000 in withdrawals, and pleads Commodity Exchange Act, contract, misrepresentation, fraud and New York consumer-protection claims. These are the plaintiff's allegations. A tracker reports that Judge Margaret Garnett denied an emergency restraining order the same day.
Docket timeline
Complaint filed with an emergency motion for an order to show cause; the docket lists a private Commodity Exchange Act claim (7 U.S.C. 25) as the cause of action and assigns Judge Margaret M. Garnett.
Source: dockets.justia.com
According to a docket tracker, Judge Garnett denied the requested temporary restraining order the same day.
Source: defirate.com