Appeals court clears way for Nevada to temporarily ban prediction market Kalshi
Burns Brief
The Ninth Circuit Court of Appeals denied a legal effort by Kalshi to stave off an expected temporary restraining order from the state of Nevada The news has rattled market participants, with bears looking to push prices lower while bulls attempt to defend key support levels. Watch $ADA for reaction — a decisive move above or below key levels will confirm the next trend.
The Ninth Circuit Court of Appeals denied a legal effort by Kalshi to stave off an expected temporary restraining order from the state of Nevada.
Key Takeaways
- The Ninth Circuit Court of Appeals denied a legal effort by Kalshi to stave off an expected temporary restraining order from the state of Nevada