the prediction market platform Kalshi obtained a preliminary injunction in Tennessee, USA, preventing state government officials from enforcing local gambling laws against its sports-related event contracts. In a Thursday ruling, U.S. District Court Judge Aleta A. Trauger sided with Kalshi on a key issue, finding that the company is likely to succeed in its lawsuit by arguing that its sports event contracts are "swaps" under the Commodity Exchange Act. The injunction applies to relevant state government officials, prohibiting them from taking enforcement actions against Kalshi under Tennessee's sports betting laws during the litigation.