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    • FEDERAL PREEMPTION—CFTC tells prediction markets not to restrict geographic access, escalating conflict with states
    • ENFORCEMENT—2d Cir.: Prediction market cases won’t be stayed pending appeal
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    • FRAUD AND MANIPULATION—Bitcoin Kiosk operator consents to restitution and disgorgement
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    • PCAOB NEWS AND SPEECHES—PCAOB wants input on auditor comfort letter rules update proposal
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    • VITAL BRIEFING—Midterm election results boost hopes for tariff relief
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    • WORTH NOTING—Other litigation, regulatory activity, and industry news
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    Securities Regulation Daily Wrap Up, ENFORCEMENT—2d Cir.: Prediction market cases won’t be stayed pending appeal, (Nov 6, 2026)

    Organizations Mentioned:KalshiEX LLC

    By Mark S. Nelson, J.D.

    The Second Circuit has consolidated multiple cases involving Kalshi for appeal.

    KalshiEx LLC has failed to obtain an injunction pending appeal of several combined cases challenging state regulators’ ability to oversee prediction markets as part ...

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