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Second Circuit denies Kalshi and Coinbase injunctions, leaving New York and Connecticut free to enforce gambling laws against sports event contracts, Legal Sports Report reports
- Second Circuit denies Kalshi and Coinbase injunctions, leaving New York and Connecticut free to enforce gambling laws against sports event contracts, Legal Sports Report reports — A three-judge panel said the companies failed to make the required showing for an injunction pending appeal, without ruling on whether federal derivatives law displaces state gambling law. The denial covers three appeals considered together, and the states are now one remand order away from returning the enforcement suits to state courts. (Legal Sports Report)
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