According to CoinMeta, as reported by SBD, a panel of three judges from the U.S. Second Circuit Court of Appeals rejected the injunction applications filed by Kalshi and Coinbase in cases in New York State and Connecticut during the appeal period. The court held that the applicants failed to demonstrate the necessity for an injunction during the appeal process. As a result, both states may enforce their state gambling laws regarding related predictive market activities, and the litigation against Kalshi is still ongoing.