[U.S. Federal Appeals Court Rejects Kalshi and Polymarket's Request to Halt State-Level Lawsuits] According to a report by Jinse Finance, on May 22, the U.S. Federal Appeals Court ruled that enforcement lawsuits filed by Nevada and Washington against prediction market platforms Kalshi and Polymarket can proceed in state courts, rejecting the two companies' request to pause the related cases during the appeal process. The court stated that Kalshi and Polymarket failed to demonstrate that the state court lawsuits would cause irreparable harm, nor did they prove a high likelihood of success regarding their claims of federal jurisdiction. This ruling pertains to enforcement actions by Nevada against Kalshi and Polymarket, as well as a case by Washington against Kalshi.