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    • FEDERAL PREEMPTION—2nd Cir.: Former CFTC Chair Gensler argues federal law does not preempt states on prediction markets
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    • DERIVATIVES—N.D. Cal.: Kalshi barred from offering sports event contracts on plaintiff tribes’ lands
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    Securities Regulation Daily Wrap Up, DERIVATIVES—N.D. Cal.: Kalshi barred from offering sports event contracts on plaintiff tribes’ lands, (Nov 9, 2026)

    Law Firms Mentioned:Conrad Metlitzky Kane LLP | Cravath, Swaine & Moore LLP | Farella Braun + Martel LLP | Law Offices of Rapport and Marston, an Association of Sole Practitioners | Lehotsky Cohn LLP | Milbank LLP
    Organizations Mentioned:Kalshi Inc., KalshiEX LLC, Robinhood Markets, Inc., Robinhood Derivatives LLC

    By Rebecca E. Hoffman, J.D.

    The plaintiffs must provide boundary maps by November 13, and Kalshi must report its compliance steps to the court within 21 days of the order.

    Kalshi Inc. and KalshiEX are enjoined from offering any sports-related event contracts on the plaintiffs' l ...

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