A U.S. Federal Appeals Court has denied a request from Kalshi to halt administrative enforcement actions by the state of Nevada. According to CoinDesk, Kalshi filed an appeal on March 13, arguing that without the stay, it would face conflicting rulings from federal and state courts. The court's rejection now allows Nevada regulators to issue a temporary ban against the company.
US appeals court denies Kalshi's bid to block Nevada enforcement action
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