the losers

#USCourtDeniesKalshiPolymarketPause Legal Setback for Prediction Markets ⚖️ Court Denies Stay: Kalshi & Polymarket Must Face State Lawsuits A U.S. federal appeals court has officially denied a request from Kalshi and Polymarket to pause ongoing enforcement litigation in Nevada and Washington. The ruling means these platforms must continue defending themselves against state-level claims while their broader federal appeal moves forward. The Decision: The court found the companies failed to prove that proceeding in state courts would cause "irreparable harm". The Stakes: This keeps the pressure on the fast-growing event contracts sector as states argue these platforms resemble illegal gambling. Is state-level regulation becoming the biggest hurdle for Web3 prediction markets? 🏛️ #Kalshi #Polymarket #CryptoNews #Regulation #PredictionMarkets