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U.S. court dismisses Kalshi and Polymarket's request to halt lawsuits in Nevada and Washington state

MarsBitNews
Mars Finance News, May 22 — According to Bloomberg, the Ninth Circuit Court of Appeals in the United States ruled that Kalshi and Polymarket cannot prevent enforcement lawsuits against prediction market platforms from proceeding in state courts in Nevada and Washington. The court stated that Kalshi and Polymarket failed to prove that defending in state courts would cause "irreparable harm," nor did they demonstrate a higher likelihood of success regarding their claim that federal courts have jurisdiction, and therefore, their request to stay the related state-level lawsuits was denied.
KALSHI-14.25%
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GlassDomeBaskingInMoonlight
· 2h ago
The claim of federal jurisdiction was denied; it looks like I have to fight it out in the state court.
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TvlDownBad
· 5h ago
State courts continue to advance, Kalshi and Polymarket are having a tough time with this wave
View OriginalReply0
BluePeonyMinerDream
· 10h ago
The legal gray area of the prediction market has expanded a bit more.
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EchoesOfMistValley
· 10h ago
The old conflict between Web3 innovation and U.S. regulation
View OriginalReply0
GateUser-23bf1070
· 10h ago
Can the Ninth Circuit's ruling be appealed further?
View OriginalReply0
AirdropOnTheDune
· 10h ago
Compliance costs are soaring again
View OriginalReply0
ContrarianIndicatorBonsai
· 10h ago
Waiting to see how it all ends.
View OriginalReply0
DaoEntranceSecurityGuard
· 10h ago
Should Polymarket users be worried?
View OriginalReply0
GateUser-9568ced5
· 10h ago
Is this wave of DeFi oracle having a chain reaction?
View OriginalReply0
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