[Kalshi Claims New York State Lawsuit Will Force the Company into Bankruptcy and Halt Nationwide Operations, Files Emergency Appeal for Injunction with Federal Appeals Court] Prediction market platform Kalshi has submitted a strongly worded letter to the United States Court of Appeals for the Second Circuit, stating that the lawsuit filed by the New York State Attorney General in state court (currently stayed in federal court) will 'force Kalshi into bankruptcy' and 'halt nationwide operations,' reiterating the 'urgent need' for an injunction during the appeal process. Earlier reports indicated that the U.S. Court of Appeals for the Second Circuit had denied Kalshi's request to suspend the enforcement of New York State gambling laws during the appeal.