Case: 25-1922 Document: 83 Page: 5
Date Filed: 09/24/2025
Page 4
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P R O C E E D I N G S
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JUDGE CHAGARES: And this case is Kalshiex (sic). I
3 may have pronounced -- mispronounced that, versus Flaherty,
4 Number 25-1922. So we'll hear from appellant's counsel, and
5 you may proceed.
6
MR. EHRLICH: Thank you, Your Honor. Stephen Ehrlich,
7 on behalf of appellants, I'd like to reserve three minutes for
8 rebuttal.
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JUDGE CHAGARES: That will be granted.
10
MR. EHRLICH: Thank you. For three --
11
JUDGE CHAGARES: How do you pronounce the -- the --
12 how do you pronounce your client's name here?
13
MR. EHRLICH: For appellants, we're from the State,
14 Your Honor.
15
JUDGE CHAGARES: Oh, shoot. So sorry. Yes, yes,
16 yeah. You must know by now how the other side pronounces their
17 name.
18
MR. EHRLICH: I actually don't. I thought it was
19 Kalshi.
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MR. HAVEMANN: That's right.
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JUDGE CHAGARES: Kalshi.
22
MR. EHRLICH: Kalshi.
23
JUDGE CHAGARES: All right. Good. Okay. Good.
24 Sorry. Kalshi X, right? All right. Do you go with just
25 Kalshi, or do you go with the whole thing with the X at the
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