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US appeals court denies Coinbase and Kalshi bid to pause state enforcement

NewsFeeds update

The US Second Circuit Court of Appeals denied Coinbase Financial Markets and Kalshi injunctions while their appeals proceed in cases involving Connecticut and New York enforcement against prediction markets. The court said the applicants did not show an injunction was needed and did not rule on the merits.

RegulationChainCatcherAIBearish

Read the original on ChainCatcher

The story so far: Kalshi state gambling oversight case

Utah sued Kalshi and affiliated Susquehanna firms, alleging illegal gambling, and filed criminal counts against Kalshi and its co-founders; Kalshi says prediction markets fall under federal rules. Arkansas has now accused Kalshi of hiding trading risks and allowing under-21 users, seeking unpaid taxes and civil…

Headlines only, oldest first. Open a headline for the full update and the outlet it came from.

  1. Nevada opposes Kalshi bid to delay Ninth Circuit proceedings

  2. Kalshi's Tarek Mansour says state rulings could push it overseas

  3. Kalshi CEO Tarek Mansour says prediction markets may leave US without federal oversight

  4. Utah attorney general sues Kalshi over alleged illegal gambling

  5. Kalshi and two co-founders face 14 criminal charges in Utah, 13 of them felonies

  6. US appeals court denies Coinbase and Kalshi bid to pause state enforcement

  7. Arkansas sues KalshiEX and Kalshi Inc over alleged illegal gambling

  8. Arkansas accuses Kalshi of hiding trading risks and allowing under-21 users

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Every Regulation update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.