A court recently denied the plaintiffs' motion for a preliminary injunction in a case involving Kalshi, a platform facing legal challenges in Nevada. The Nevada Resort Association, represented by Jon Gruden's lawyer, filed an emergency motion to intervene in the lawsuit to protect Nevada's casino industry, which is vital to the state's jobs, capital investment, tax revenue, and economic future. Nevada has requested the court to vacate the preliminary injunction and dismiss Kalshi's lawsuit, arguing that allowing Kalshi to offer a platform for de facto sports betting across state lines would be an unreasonable outcome not intended by Congress. Meanwhile, in a separate legal matter, Judge Torres denied both parties' motions for an indicative ruling in the SEC versus Ripple lawsuit concerning the cryptocurrency XRP. The judge refused to reconsider a previous decision, and the order does not alter Ripple's prior wins, including the determination that XRP is not a security. Both Ripple and the SEC have expressed their intent to resolve the case and will revisit procedural issues with the court together.