Kalshi asks Ninth Circuit to freeze Nevada ruling
Nevada regulators dispute Kalshi’s claim it has complied with a state court injunction barring its sports contracts.
The hit
Kalshi has asked the Ninth Circuit to delay its own ruling, which affirmed the dissolution of a preliminary injunction shielding Kalshi from Nevada enforcement, according to DeFi Rate. The 9 Nov filing in Kalshi v. Assad is meant to buy time for a possible Supreme Court petition.
Why it matters
A stay would keep Kalshi’s current legal shield in place while its counsel drafts a writ of certiorari. A Nevada state court has already barred Kalshi from offering sports-event contracts in the state, & the scheduled dissolution of the federal injunction could prompt an updated appraisal of Kalshi’s compliance, according to DeFi Rate.
The record
| Filing date | 9 Nov Ninth Circuit stay request in Kalshi v. Assad (DeFi Rate) |
|---|---|
| Nevada compliance dispute | NGCB members told a state judge in August Kalshi has not fully complied with injunction & recommended fines |
| Other Supreme Court filers | Crypto.com & Robinhood have already filed writs in Assad |
What happens next
Watch for the Ninth Circuit’s ruling on the stay request, & whether Kalshi files its own Supreme Court petition before the court rules on the Crypto.com or Robinhood writs.
Sources: Kalshi Requests Ninth Circuit Stay Nevada Decision
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