Regulation1 source
Coinbase, Kalshi Denied Shield From State Prediction-Market Enforcement
Headline from The Defiant
Key points
- A federal appeals court has turned down requests from Coinbase and Kalshi for temporary protection against state regulatory enforcement over prediction markets in New York and Connecticut.
- Despite the Second Circuit's ruling denying interim shields, the court order does not force the platforms to halt ongoing trading activities or immediately liquidate existing positions for users.
Summarized automatically by Kryptokite from reporting by The Defiant. Read the original sources for full detail.
Sources
- The DefiantCoinbase, Kalshi Denied Shield From State Prediction-Market Enforcement · 2 hours agoRead on The Defiant
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