🚨 Major Court Setback for Polymarket & Kalshi
US Ninth Circuit Court just denied Polymarket and Kalshi’s request to pause state enforcement actions in Nevada and Washington.
The court rejected their stay application, meaning the gambling-related lawsuits will move forward in state courts.
Latest Update:
Cases sent back to Nevada & Washington regulators
Platforms accused of running unlicensed gambling operations
Regulatory pressure on prediction markets continues to rise
This ruling adds more uncertainty for decentralized prediction platforms in the US.
Crypto traders, what’s your take? Will this slow down prediction market growth or push them fully on-chain?
Drop your thoughts 👇
#CryptoRegulation #USCourtDeniesKalshiPolymarketPause #PredictionMarkets #BinanceSquare #Write2Earn $BNB
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