Appeals court clears way for Nevada to temporarily ban prediction market Kalshi

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. What to know : A federal appeals court cleared the way for Nevada state regulators to move for a temporary restraining order against prediction market platform Kalshi on Thursday. Kalshi had argued it would suffer "imminent harm" if the appeals court did not take up its issue, warning that multiple courts might find themselves publishing differing opinions about whether state regulators have jurisdiction over its products.