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Cointelegraph by Brayden Lindrea

Ninth Circuit rejects Kalshi stay request, clearing Nevada to seek restraining order

A federal appeals court has refused Kalshi's emergency bid to pause proceedings, a move that could allow Nevada regulators to block the firm's sports event contracts. Gaming lawyer Daniel Wallach said a state-court temporary restraining order now appears imminent and could keep Kalshi from operating in Nevada for at least 14 days while a preliminary injunction hearing is scheduled.
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