Web3
Second Circuit Won’t Pause New York, Connecticut Actions Against Kalshi and Coinbase
Unchained·November 4, 2026·1 min read
A Second Circuit panel on Tuesday denied interim relief requests from Kalshi and Coinbase in their legal fights against New York and Connecticut regulators. The two-page order leaves their federal preemption argument unresolved, meaning state actions can proceed while the underlying dispute continues in court.
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