Krystal Hur / Wall Street Journal:

A Las Vegas federal appeals court rejects Kalshi's emergency bid for an administrative stay on Nevada's push to block the platform, a major setback for Kalshi  —  A federal appeals court rejected Kalshi's bid, setting the stage for Nevada's civil-enforcement proceedings

Krystal Hur / Wall Street Journal:

A Las Vegas federal appeals court rejects Kalshi's emergency bid for an administrative stay on Nevada's push to block the platform, a major setback for Kalshi  —  A federal appeals court rejected Kalshi's bid, setting the stage for Nevada's civil-enforcement proceedings