By SectorWire desk ·
The report said that a Connecticut judge rejected requests from Kalshi and Coinbase for temporary relief against state regulators. US District Judge Vernon Oliver issued the order on 10 August.
The decision leaves the companies without the requested temporary protection against state regulatory action.
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The decisions deny the operators the preliminary protection they sought against state gambling regulation.
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.
Kalshi retains preliminary protection from Illinois gambling enforcement, while wager-related fees remain subject to further briefing.