[Kalshi's Request for Preliminary Injunction Denied by Judge in SDNY, Case Moves to Motion to Dismiss Stage] Foresight News reports that crypto journalist Eleanor Terrett tweeted that Judge Analisa Torres, who is presiding over the Ripple case, has once again become the focal point of a major legal dispute. In the case involving prediction market platform Kalshi in the Southern District of New York (SDNY), Judge Torres denied Kalshi's request for a preliminary injunction, citing that New York State's gambling laws apply to Kalshi's sports event contracts and are not preempted by the Commodity Exchange Act. This ruling means the case will move to the 'motion to dismiss' stage. Legal experts have commented that this represents a significant setback for Kalshi's litigation efforts in the U.S. financial hub and could have a ripple effect on other related cases, particularly those in Connecticut and other SDNY lawsuits.