Maryland allows Kalshi to operate pending appeal as Nevada seeks discovery
Kalshi withdrew a new injunction request in Maryland after receiving assurances it could continue operating there until its appeal is heard, reportedly. In Nevada, the state has asked a court to order discovery into Kalshi’s event contracts and communications with the CFTC; a decision on that request is scheduled for 22 August. Kalshi says discovery would be costly and cumbersome.
Maryland assurances let Kalshi continue operating until its appeal, while Nevada’s discovery request could broaden scrutiny.