By SectorWire desk ·
The report said that a Connecticut judge rejected separate preliminary injunction requests from Kalshi and Coinbase. Judge Vernon Oliver’s 10 August order denied Kalshi temporary relief in the dispute over sports prediction markets.
The decisions deny the operators the preliminary protection they sought against state gambling regulation.
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The decision leaves the companies without the requested temporary protection against state regulatory action.
The refusal denies Kalshi the requested temporary protection against state gambling law enforcement.
Connecticut seeks to stop Kalshi’s alleged unlicensed sports wagering, while Kalshi asserts exclusive CFTC jurisdiction and appeals an enforcement ruling.
Kalshi faces a lawsuit seeking to stop its Connecticut sports contracts while contesting state gambling authority under federal oversight.
The access restrictions affect how prediction-market platforms can serve users in Taiwan amid enforcement over election-related betting.
Coinbase must suspend Michigan prediction markets while Michigan withholds enforcement during compliance and related appeals.