US appeals court denies Kalshi, Coinbase injunction bid in New York, Connecticut cases

A three-judge panel of the US Second Circuit Court of Appeals denied Kalshi and Coinbase's request for an injunction pending appeal in the New York and Connecticut cases, ruling the applicants failed to show an injunction was necessary during the appeal. The two states can now enforce state gambling laws on the relevant prediction market business; the suit against Kalshi continues.

Detected & updated continuously · Source: Nebula