Taiwan’s communications regulator blocked Kalshi and Coinbase websites following a New Taipei court order, reportedly over suspected breaches of election law. Kalshi reportedly denied allowing trading in Taiwan, while Coinbase said it was investigating user reports of access difficulties.
The access restrictions affect two platforms and reflect an unresolved election-law concern rather than a finding of liability.
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The Ninth Circuit on 3 November declined to rehear Kalshi’s challenge to Nevada’s treatment of its sports markets. Separately, the Second Circuit denied injunction requests by Kalshi and Coinbase, allowing authorities in New York and Connecticut to continue enforcement while appeals proceed; Kalshi has 90 days to seek Supreme Court review of the Nevada ruling.
The Ninth Circuit declined Kalshi's requests for a panel rehearing and a rehearing en banc concerning its Nevada ruling. Separately, the Second Circuit denied injunctions sought by Kalshi and Coinbase that would have stopped states enforcing gambling laws against their sports event contracts while the appeals continue.
The Second Circuit denied Kalshi’s requests to block enforcement action in New York and Connecticut, and Coinbase’s similar request in Connecticut, on 3 November. The panel said the companies had not shown that interim injunctions were warranted; the underlying cases continue.
At the U.S. Court of Appeals for the Second Circuit, Kalshi lost its bid for temporary relief against authorities in New York and Connecticut, and Coinbase was refused a preliminary injunction in Connecticut. On Tuesday, Nov. 3, a three-judge panel held that the prediction market companies cannot stop state regulators from pursuing enforcement action while their cases continue.
Illinois officials appealed to the Seventh Circuit after a federal judge barred the state from enforcing its event-contract licensing and tax law. Judge Martha Pacold’s 30 October order covers licensing, fees, taxes and enforcement measures concerning swaps, including sports event contracts offered by CFTC-registered companies.
Illinois officials took the matter to the Seventh Circuit after a federal judge stopped the state from applying its event-contract licensing and tax law, the report said. The ruling came from Judge Martha Pacold in an order dated Friday, Oct. 30, according to the report. Pacold's order blocks enforcement of licensing requirements, associated fees, taxes and related criminal provisions, the report said.
Coinbase said its prediction-market business generated more than $200 million in annualised revenue in the September quarter, with daily traders up more than 60% quarter on quarter. The company reported Q3 net revenue of $1.16 billion, down 34% from a year earlier, and said its event contracts are offered through a partnership with Kalshi.
Polymarket US has agreed to stop offering new sports-related event contracts to Michigan customers and close residents’ remaining open positions by 25 November 2026, according to the report. A federal court approved the agreement, which the report says follows similar deals with Coinbase and Robinhood and a preliminary injunction against Kalshi.
Polymarket US will stop selling new event contracts related to sports to Michigan customers, and open positions held by residents of that state will be closed by November 25 2026. A federal court approved the agreement, which came after comparable deals with Coinbase and Robinhood and a preliminary injunction against Kalshi.