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Amin Ayan

Judge Aleta Trauger Halts Tennessee Case Against Kalshi; Jan. 31 Refund Order Paused

On Monday, US District Judge Aleta Trauger granted Kalshi a preliminary injunction and temporary restraining order, blocking Tennessee regulators from enforcing a cease-and-desist while the case proceeds. The SWC's Friday letters ordered Kalshi, Polymarket and Crypto.com to halt sports event contracts, void positions, and refund Tennessee users by Jan. 31, with penalties up to $25,000 per violation.