The U.S. Court of Appeals has denied Kalshi and Polymarket's request to halt state litigation, allowing enforcement lawsuits by Nevada and Washington to proceed. The court found that the prediction market platforms did not prove that the state court proceedings would cause irreparable harm or that they had a substantial likelihood of success on federal jurisdiction claims. This decision affects Nevada's actions against both companies and Washington's case against Kalshi.
U.S. Appeals Court Allows State Lawsuits Against Kalshi and Polymarket
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