Regulation1 source
Second Circuit Won’t Pause New York, Connecticut Actions Against Kalshi and Coinbase
Headline from Unchained
Key points
- A Second Circuit panel denied requests by prediction market platforms Kalshi and Coinbase for interim relief in a brief order on Tuesday.
- The decision allows state actions in New York and Connecticut against the companies to proceed for now.
- This ruling leaves their arguments regarding federal preemption unresolved while the broader legal proceedings continue.
Summarized automatically by Kryptokite from reporting by Unchained. Read the original sources for full detail.
Sources
- UnchainedSecond Circuit Won’t Pause New York, Connecticut Actions Against Kalshi and Coinbase · 2 hours agoRead on Unchained
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