Kalshi Loses Ground in Sixth Circuit Appeal

A federal appeals court sided against Kalshi in a two-state dispute.

The Sixth Circuit used the platform's own statements to reject its position. This decision adds regulatory pressure on prediction markets that accept crypto deposits. Operators in this space now face tighter scrutiny from multiple jurisdictions as legal challenges mount.

Deposit Coin Snapshot

Bitcoin trades at $83,897 following a 1 percent gain over 24 hours. Ethereum reaches $2,695 with a 1.77 percent advance. Solana holds at $119 after a 0.29 percent increase. BNB shows no change at $763. These figures reflect steady but limited movement across the main coins used for casino deposits.

Pool Volume Highlights

AIPF/USDT on Uniswap V2 Polygon logged $292,908 in daily volume. CES/USDT on w-dex-polygon recorded $565,373 in volume alongside a 7.17 percent price decline. LINK/WETH at 0.05 percent on Uniswap V3 Polygon achieved $1.41 million in volume.

Related developments include several regulatory notes.

• Tether helped freeze $550 million in Iran-linked USDT this year.
• Brazil kept $492 million in licensing fees after banning online betting ahead of elections.
• Coinbase received CFTC approval for a U.S. derivatives clearinghouse.
• A Lithuanian crypto entrepreneur scored a legal win as suspicions were dropped.

Traders watching these legal shifts will track how the affected coins respond in the next sessions.