Ninth Circuit Rejects Kalshi Rehearing, Opening Next Route to Supreme Court

Kalshi will not get another hearing in the Ninth Circuit Court of Appeals over its effort to block Nevada gambling regulators. The appeals court on Wednesday denied the exchange’s requests for panel rehearing and rehearing en banc , leaving intact an Aug. 28 decision upholding the dissolution of an injunction that had protected Kalshi from Nevada enforcement. “The full court has been advised of the petition for rehearing en banc and no judge has requested a vote on whether to rehear the matter en banc,” the order states. The original three-judge panel unanimously rejected the rehearing petitions.