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Deep Tide TechFlow news, July 8th, crypto journalist Eleanor Terrett tweeted that Judge Analisa Torres of the Southern District of New York denied Kalshi’s motion for a preliminary injunction in the related case, allowing the case to proceed to the motion to dismiss stage. The court held that New York state gambling laws apply to Kalshi’s sports event contracts, and that this application is not preempted by the Commodity Exchange Act. This ruling marks another setback for Kalshi in the relevant legal dispute.