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

By Nikhilesh DeCoinDesk

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.

Prediction market provider Kalshi may be hit with a temporary restraining order from the state of Nevada after a federal appeals court declined to block such a motion on Thursday. The Nevada Gaming …