U.S. Court Rejects Kalshi and Polymarket's Request to Halt State Lawsuits

The U.S. Ninth Circuit Court of Appeals has denied the requests from Kalshi and Polymarket to pause enforcement lawsuits in Nevada and Washington state. According to Foresight News, the court ruled that the platforms did not demonstrate that proceeding in state court would cause irreparable harm, nor did they establish that the federal court has jurisdiction over federal issues in these cases. As a result, the lawsuits will continue in state courts.