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Un juez federal de Estados Unidos bloqueó a Tennessee para que no aplicara las leyes estatales de apuestas contra la plataforma. La jueza federal de distrito Aleta Trauger concedió una medida cautelar preliminar. Esto permite a Kalshi seguir operando mientras el caso continúa.</p><div class="jsx-3698e059f21e2b50 w-full flex justify-center my-6"><div id="wrapper-sevio-in-article" class="" style="display:inline-block"><div class="sevioads" data-zone="91b27edc-5a48-48e6-a065-848b34d2ca64"></div></div></div><blockquote class="twitter-tweet"><p>⚡️FEDERAL JUDGE SIDES WITH KALSHI<br/><br/>U.S. District Judge Trauger granted Kalshi an injunction blocking Tennessee from enforcing betting law.<br/><br/>The court said Kalshi is likely to win, ruling its sports contracts qualify as swaps under federal law and may override state regulation. <a href="https://t.co/gr52eQWuBm" rel="noopener noreferrer">pic.twitter.com/gr52eQWuBm</a></p>— Coin Bureau (@coinbureau) <a href="https://twitter.com/coinbureau/status/2024786116512252148?ref_src=twsrc%5Etfw" rel="noopener noreferrer">February 20, 2026</a></blockquote><p class="wp-block-paragraph">El tribunal señaló que es probable que Kalshi gane su argumento. Que sus contratos sobre eventos deportivos califican como swaps regulados a nivel federal bajo la Commodity Exchange Act. Por ello, la supervisión federal podría prevalecer sobre normas estatales de juego que entren en conflicto. La decisión da margen de maniobra a Kalshi. También eleva la presión en la disputa más amplia sobre los mercados de predicción.</p><h2 class="wp-block-heading" id="h-como-comenzo-el-conflicto"><strong>Cómo comenzó el conflicto</strong></h2><p class="wp-block-paragraph">La disputa comenzó a principios de enero. Cuando el Sports Wagering Council de Tennessee envió a Kalshi una orden de cese y desistimiento. Las autoridades estatales argumentaron que la plataforma ofrecía productos de apuestas deportivas sin licencia, en violación de las leyes locales de juego. Los reguladores señalaron requisitos de licencia y protecciones de edad. Que, según alegaron, Kalshi no cumplía bajo la normativa estatal.</p><p class="wp-block-paragraph">Kalshi respondió rápidamente. La empresa presentó una demanda federal alegando que sus contratos están bajo la jurisdicción de la Commodity Futures Trading Commission, y no de los reguladores estatales de juego. Sostuvo que los productos son contratos financieros sobre eventos, no apuestas deportivas tradicionales. A mediados de enero se emitió una orden de restricción temporal, que suspendió la aplicación estatal. La nueva medida cautelar ahora amplía esa protección.</p><h2 class="wp-block-heading" id="h-la-preeminencia-federal-en-el-centro-del-caso"><strong>La preeminencia federal en el centro del caso</strong></h2><p class="wp-block-paragraph">El fallo de la jueza Trauger se centró en la preeminencia federal. El tribunal indicó que Kalshi demostró una alta probabilidad de éxito en el fondo del asunto. En concreto, la jueza coincidió en que los contratos probablemente cumplen la definición legal de swaps negociados en un mercado regulado. Esa distinción es clave. Si los contratos están amparados por la Commodity Exchange Act, la ley federal prevalece sobre las normas estatales de juego.</p><p class="wp-block-paragraph">El fallo no pone fin al caso. Pero indica que, por ahora, el tribunal considera sólida la posición jurídica de Kalshi. Es importante subrayar que se trata de una decisión preliminar. El juicio completo determinará el resultado final. Aun así, señales tempranas como esta suelen influir en la evolución de casos similares.</p><h2 class="wp-block-heading" id="h-efectos-a-nivel-nacional"><strong>Efectos a nivel nacional</strong></h2><p class="wp-block-paragraph">La decisión llega en medio de una creciente batalla nacional sobre los mercados de predicción. Varios estados han cuestionado a plataformas que ofrecen contratos basados en eventos. Algunos tribunales han respaldado a los reguladores. Otros han favorecido la supervisión federal. Por esa división, el panorama legal sigue siendo incierto.</p><p class="wp-block-paragraph">No obstante, el fallo en Tennessee refuerza el argumento de que los mercados de eventos regulados a nivel federal podrían eludir los controles estatales de juego. Esa posibilidad podría abrir la puerta a una expansión más amplia. Las comunidades cripto y de mercados de predicción reaccionaron con rapidez. Los partidarios calificaron la decisión como un paso importante hacia una mayor claridad regulatoria. Otros advirtieron que las victorias iniciales no garantizan el éxito a largo plazo. Especialmente si se presentan apelaciones.</p><h2 class="wp-block-heading" id="h-que-viene-ahora"><strong>Qué viene ahora</strong></h2><p class="wp-block-paragraph">Por ahora, Kalshi puede seguir operando en Tennessee mientras avanza la demanda. El estado aún puede apelar la medida cautelar. Además, la decisión definitiva sobre el fondo del caso está pendiente. Aun así, el fallo aporta impulso a la narrativa de prioridad federal en los mercados de predicción. Si más tribunales adoptan esta lógica, el sector podría experimentar un crecimiento más rápido a escala nacional. Hasta entonces, reguladores, operadores e inversores cripto seguirán atentos a cada movimiento en este pulso legal.</p></div><div class="mt-8 pt-6 border-t border-gray-200/80 dark:border-gray-700/80"><h3 class="text-lg font-semibold mb-4 text-gray-800 dark:text-gray-300 flex items-center gap-2"><svg xmlns="http://www.w3.org/2000/svg" width="18" height="18" viewBox="0 0 24 24" fill="none" stroke="currentColor" stroke-width="2" stroke-linecap="round" stroke-linejoin="round" class="lucide lucide-link text-gray-500 dark:text-gray-400" aria-hidden="true"><path d="M10 13a5 5 0 0 0 7.54.54l3-3a5 5 0 0 0-7.07-7.07l-1.72 1.71"></path><path d="M14 11a5 5 0 0 0-7.54-.54l-3 3a5 5 0 0 0 7.07 7.07l1.71-1.71"></path></svg>Referencias</h3><ul class="list-none ps-0 space-y-2.5"><li class="text-sm text-gray-600 dark:text-gray-400 leading-relaxed"><a href="https://x.com/coinbureau/status/2024786116512252148" target="_blank" rel="noopener noreferrer nofollow" class="text-gray-700 dark:text-gray-300 hover:text-blue-600 dark:hover:text-blue-400 transition-colors duration-200 ease-in-out border-b border-dotted border-gray-400 dark:border-gray-600 hover:border-solid hover:border-blue-500 dark:hover:border-blue-400 pb-0.5" title="Source: https://x.com/coinbureau/status/2024786116512252148">JUEZ FEDERAL SE PONE DEL LADO DE KALSHI</a></li></ul></div><div class="mt-10 pt-8 border-t border-gray-200/80 dark:border-gray-700/80"><div class="bg-gray-50 dark:bg-neutral-900 rounded-xl p-4 md:p-6 border border-gray-200 dark:border-neutral-800 shadow-sm hover:shadow-md transition-shadow duration-300"><div class="space-y-4 md:grid md:grid-cols-[auto_1fr] md:gap-x-4 md:gap-y-3 md:items-center md:space-y-0 text-sm"><div class="font-medium text-gray-500 dark:text-gray-400  md:col-start-1">Escrito por:</div><div class="md:col-start-2"><div class="flex items-center space-x-2"><img alt="Shweta Chakrawarty" loading="lazy" width="24" height="24" decoding="async" data-nimg="1" class="rounded-full flex-shrink-0" style="color:transparent" srcSet="/_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F%3Fs%3D96%26r%3Dg&amp;w=32&amp;q=75 1x, /_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F%3Fs%3D96%26r%3Dg&amp;w=48&amp;q=75 2x" src="/_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F%3Fs%3D96%26r%3Dg&amp;w=48&amp;q=75"/><div class="flex items-center space-x-1.5 flex-wrap"><a class="font-semibold hover:underline text-gray-800 dark:text-gray-200 leading-tight" href="/es/author/shweta-chakrawarty-es/">Shweta Chakrawarty</a><div class="flex gap-1.5 items-center"></div></div></div></div><div class="font-medium text-gray-500 dark:text-gray-400 mt-2 md:mt-0 md:col-start-1">Revisión y verificación de hechos por:</div><div class="md:col-start-2"><div class="flex items-center space-x-2"><img alt="Shivani Ramrakhyani" loading="lazy" width="24" height="24" decoding="async" data-nimg="1" class="rounded-full flex-shrink-0" style="color:transparent" srcSet="/_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F104a754d41e24c6493ed8ea8bc5aa3220b792fada7d96876b68a5a17c7fd9134%3Fs%3D96%26r%3Dg&amp;w=32&amp;q=75 1x, /_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F104a754d41e24c6493ed8ea8bc5aa3220b792fada7d96876b68a5a17c7fd9134%3Fs%3D96%26r%3Dg&amp;w=48&amp;q=75 2x" src="/_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F104a754d41e24c6493ed8ea8bc5aa3220b792fada7d96876b68a5a17c7fd9134%3Fs%3D96%26r%3Dg&amp;w=48&amp;q=75"/><div class="flex items-center space-x-1.5 flex-wrap"><a class="font-semibold hover:underline text-gray-800 dark:text-gray-200 leading-tight" href="/es/author/shivanir/">Shivani Ramrakhyani</a><div class="flex gap-1.5 items-center"></div></div></div></div></div><div class="mt-5 pt-4 border-t border-gray-200/60 dark:border-neutral-800/60 text-sm text-gray-600 dark:text-gray-400"><a class="hover:underline text-gray-600 dark:text-gray-400 hover:text-blue-700 dark:hover:text-blue-400 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items-center gap-3"><img alt="Shweta Chakrawarty" loading="lazy" width="32" height="32" decoding="async" data-nimg="1" class="rounded-full" style="color:transparent" srcSet="/_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F9e002b0413eb69c0ec6b6245ec27557562d607a4bb636750e688392998e75326%3Fs%3D96%26r%3Dg&amp;w=32&amp;q=75 1x, /_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F9e002b0413eb69c0ec6b6245ec27557562d607a4bb636750e688392998e75326%3Fs%3D96%26r%3Dg&amp;w=64&amp;q=75 2x" src="/_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F9e002b0413eb69c0ec6b6245ec27557562d607a4bb636750e688392998e75326%3Fs%3D96%26r%3Dg&amp;w=64&amp;q=75"/><div><p class="text-sm font-medium text-black dark:text-white">Shweta Chakrawarty</p><p class="text-sm text-neutral-400">Author</p></div></div></div></a><a class="group relative overflow-hidden rounded-xl bg-gradient-to-t dark:bg-gradient-to-b from-gray-100 to-gray-250 dark:from-neutral-900 dark:to-neutral-950 transition-all hover:scale-[1.02]" href="/es/por-que-circle-cree-que-el-clarity-act-ya-esta-ganando/"><div class="relative h-48 overflow-hidden"><img alt="¿Por qué Circle cree que el CLARITY Act ya está ganando?" loading="lazy" width="600" height="192" decoding="async" data-nimg="1" class="object-cover transition-transform group-hover:scale-105" style="color:transparent" sizes="(max-width: 640px) 100vw, (max-width: 1024px) 50vw, 384px" srcSet="/_next/image/?url=https%3A%2F%2Fcoinfomania.com%2Fwp-content%2Fuploads%2FWhy-Circle-Believes-The-CLARITY-Act-Is-Already-Winning--768x432.webp&amp;w=384&amp;q=75 384w, /_next/image/?url=https%3A%2F%2Fcoinfomania.com%2Fwp-content%2Fuploads%2FWhy-Circle-Believes-The-CLARITY-Act-Is-Already-Winning--768x432.webp&amp;w=640&amp;q=75 640w, /_next/image/?url=https%3A%2F%2Fcoinfomania.com%2Fwp-content%2Fuploads%2FWhy-Circle-Believes-The-CLARITY-Act-Is-Already-Winning--768x432.webp&amp;w=750&amp;q=75 750w, 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0-.611-1.879L2.16 9.795a.53.53 0 0 1 .294-.906l5.165-.755a2.122 2.122 0 0 0 1.597-1.16z"></path></svg>Noticias</div></div><div class="p-4"><div class="flex items-center gap-2 text-sm text-neutral-700 dark:text-neutral-400 justify-between"><time class="font-cairo">16 June 2026</time><span class="flex items-center gap-1"><svg width="9" height="8" viewBox="0 0 9 8" fill="none" xmlns="http://www.w3.org/2000/svg"><circle cx="4.33334" cy="4" r="4" fill="#FAC30A"></circle></svg><span class="font-cairo">5 Min<!-- --> read</span></span></div><h3 class="mt-2 text-lg font-semibold text-black dark:text-white group-hover:text-yellow-500 line-clamp-2">¿Por qué Circle cree que el CLARITY Act ya está ganando?</h3><div class="mt-4 flex items-center gap-3"><img alt="Vandit Grover" loading="lazy" width="32" height="32" decoding="async" data-nimg="1" class="rounded-full" style="color:transparent" srcSet="/_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F6dd5db4fa3b5f0904e91a099ce384b4db26a13c3088170cc8c5174474635289e%3Fs%3D96%26r%3Dg&amp;w=32&amp;q=75 1x, /_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F6dd5db4fa3b5f0904e91a099ce384b4db26a13c3088170cc8c5174474635289e%3Fs%3D96%26r%3Dg&amp;w=64&amp;q=75 2x" src="/_next/image/?url=https%3A%2F%2Fsecure.gravatar.com%2Favatar%2F6dd5db4fa3b5f0904e91a099ce384b4db26a13c3088170cc8c5174474635289e%3Fs%3D96%26r%3Dg&amp;w=64&amp;q=75"/><div><p class="text-sm font-medium text-black dark:text-white">Vandit Grover</p><p class="text-sm text-neutral-400">Author</p></div></div></div></a></div></div></div></div></div></div><div class="h-20 w-full flex items-center justify-center"></div></div></main><aside class="hidden lg:block w-80 flex-shrink-0 order-3 mt-32"><div class="sticky top-[140px] space-y-6"></div></aside></div></div></main></div><div class="h-20 bg-gray-100 dark:bg-gray-900 animate-pulse"></div></div></div><script id="__NEXT_DATA__" type="application/json">{"props":{"pageProps":{"post":{"id":669574,"type":"post","_embedded":{"wp:featuredmedia":[{"media_details":{"sizes":{"full":{"source_url":"https://coinfomania.com/wp-content/uploads/Kalshi-Wins-Injunction-as-Federal-Judge-Overrides-State-Challenge.webp"},"medium_large":{"source_url":"https://coinfomania.com/wp-content/uploads/Kalshi-Wins-Injunction-as-Federal-Judge-Overrides-State-Challenge-768x432.webp"}},"source_url":"https://coinfomania.com/wp-content/uploads/Kalshi-Wins-Injunction-as-Federal-Judge-Overrides-State-Challenge.webp"}}],"wp:term":[{"id":1692,"name":"Noticias","slug":"noticias"}]},"tag":null,"postCategoriesList":{"id":1692,"name":"Noticias","slug":"noticias"},"title":{"rendered":"Kalshi logra una medida cautelar mientras un juez federal anula la impugnación estatal"},"slug":"kalshi-logra-una-medida-cautelar-mientras-un-juez-federal-anula-la-impugnacion-estatal","readTime":"3 Min","date":"2026-02-20 16:27:26","date_gmt":"2026-02-20 10:57:26Z","modified_gmt":"2026-02-20 13:02:06Z","authors":[{"user_id":8148,"slug":"shweta-chakrawarty-es","avatar_url":"https://secure.gravatar.com/avatar/?s=96\u0026r=g","display_name":"Shweta Chakrawarty","description":"","job_title":"Author","twitter":"","instagram":"","linkedin":"","facebook":""}],"category":"Noticias","excerpt":null,"content":{"rendered":"\u003cp class=\"wp-block-paragraph\"\u003eKalshi obtuvo una victoria legal clave el 20 de febrero. Un juez federal de Estados Unidos bloqueó a Tennessee para que no aplicara las leyes estatales de apuestas contra la plataforma. La jueza federal de distrito Aleta Trauger concedió una medida cautelar preliminar. Esto permite a Kalshi seguir operando mientras el caso continúa.\u003cblockquote class=\"twitter-tweet\"\u003e\u003cp\u003e⚡️FEDERAL JUDGE SIDES WITH KALSHI\u003cbr\u003e\u003cbr\u003eU.S. District Judge Trauger granted Kalshi an injunction blocking Tennessee from enforcing betting law.\u003cbr\u003e\u003cbr\u003eThe court said Kalshi is likely to win, ruling its sports contracts qualify as swaps under federal law and may override state regulation. \u003ca href=\"https://t.co/gr52eQWuBm\" rel=\"noopener noreferrer\"\u003epic.twitter.com/gr52eQWuBm\u003c/a\u003e\u003c/p\u003e— Coin Bureau (@coinbureau) \u003ca href=\"https://twitter.com/coinbureau/status/2024786116512252148?ref_src=twsrc%5Etfw\" rel=\"noopener noreferrer\"\u003eFebruary 20, 2026\u003c/a\u003e\u003c/blockquote\u003e\u003cp class=\"wp-block-paragraph\"\u003eEl tribunal señaló que es probable que Kalshi gane su argumento. Que sus contratos sobre eventos deportivos califican como swaps regulados a nivel federal bajo la Commodity Exchange Act. Por ello, la supervisión federal podría prevalecer sobre normas estatales de juego que entren en conflicto. La decisión da margen de maniobra a Kalshi. También eleva la presión en la disputa más amplia sobre los mercados de predicción.\u003ch2 class=\"wp-block-heading\" id=\"h-como-comenzo-el-conflicto\"\u003e\u003cstrong\u003eCómo comenzó el conflicto\u003c/strong\u003e\u003c/h2\u003e\u003cp class=\"wp-block-paragraph\"\u003eLa disputa comenzó a principios de enero. Cuando el Sports Wagering Council de Tennessee envió a Kalshi una orden de cese y desistimiento. Las autoridades estatales argumentaron que la plataforma ofrecía productos de apuestas deportivas sin licencia, en violación de las leyes locales de juego. Los reguladores señalaron requisitos de licencia y protecciones de edad. Que, según alegaron, Kalshi no cumplía bajo la normativa estatal.\u003cp class=\"wp-block-paragraph\"\u003eKalshi respondió rápidamente. La empresa presentó una demanda federal alegando que sus contratos están bajo la jurisdicción de la Commodity Futures Trading Commission, y no de los reguladores estatales de juego. Sostuvo que los productos son contratos financieros sobre eventos, no apuestas deportivas tradicionales. A mediados de enero se emitió una orden de restricción temporal, que suspendió la aplicación estatal. La nueva medida cautelar ahora amplía esa protección.\u003ch2 class=\"wp-block-heading\" id=\"h-la-preeminencia-federal-en-el-centro-del-caso\"\u003e\u003cstrong\u003eLa preeminencia federal en el centro del caso\u003c/strong\u003e\u003c/h2\u003e\u003cp class=\"wp-block-paragraph\"\u003eEl fallo de la jueza Trauger se centró en la preeminencia federal. El tribunal indicó que Kalshi demostró una alta probabilidad de éxito en el fondo del asunto. En concreto, la jueza coincidió en que los contratos probablemente cumplen la definición legal de swaps negociados en un mercado regulado. Esa distinción es clave. Si los contratos están amparados por la Commodity Exchange Act, la ley federal prevalece sobre las normas estatales de juego.\u003cp class=\"wp-block-paragraph\"\u003eEl fallo no pone fin al caso. Pero indica que, por ahora, el tribunal considera sólida la posición jurídica de Kalshi. Es importante subrayar que se trata de una decisión preliminar. El juicio completo determinará el resultado final. Aun así, señales tempranas como esta suelen influir en la evolución de casos similares.\u003ch2 class=\"wp-block-heading\" id=\"h-efectos-a-nivel-nacional\"\u003e\u003cstrong\u003eEfectos a nivel nacional\u003c/strong\u003e\u003c/h2\u003e\u003cp class=\"wp-block-paragraph\"\u003eLa decisión llega en medio de una creciente batalla nacional sobre los mercados de predicción. Varios estados han cuestionado a plataformas que ofrecen contratos basados en eventos. Algunos tribunales han respaldado a los reguladores. Otros han favorecido la supervisión federal. Por esa división, el panorama legal sigue siendo incierto.\u003cp class=\"wp-block-paragraph\"\u003eNo obstante, el fallo en Tennessee refuerza el argumento de que los mercados de eventos regulados a nivel federal podrían eludir los controles estatales de juego. Esa posibilidad podría abrir la puerta a una expansión más amplia. Las comunidades cripto y de mercados de predicción reaccionaron con rapidez. Los partidarios calificaron la decisión como un paso importante hacia una mayor claridad regulatoria. Otros advirtieron que las victorias iniciales no garantizan el éxito a largo plazo. Especialmente si se presentan apelaciones.\u003ch2 class=\"wp-block-heading\" id=\"h-que-viene-ahora\"\u003e\u003cstrong\u003eQué viene ahora\u003c/strong\u003e\u003c/h2\u003e\u003cp class=\"wp-block-paragraph\"\u003ePor ahora, Kalshi puede seguir operando en Tennessee mientras avanza la demanda. El estado aún puede apelar la medida cautelar. Además, la decisión definitiva sobre el fondo del caso está pendiente. Aun así, el fallo aporta impulso a la narrativa de prioridad federal en los mercados de predicción. Si más tribunales adoptan esta lógica, el sector podría experimentar un crecimiento más rápido a escala nacional. Hasta entonces, reguladores, operadores e inversores cripto seguirán atentos a cada movimiento en este pulso legal."},"quick_take_points":[{