A New York jury found after a nine-day civil trial last year that the former president had sexually abused Carroll at a Manhattan department store in 1996.
Trump denied the allegations and appealed the verdict on the grounds that two other women who said Trump had sexually assaulted them too should not have been allowed to testify.
“We conclude that Mr. Trump has not demonstrated that the district court erred in any of the challenged rulings,“ they said.
Carroll was awarded $83 million by another jury in a separate case she brought against Trump.
“The American People have re-elected President Trump with an overwhelming mandate,“ Cheung said in a statement.
Two federal cases brought against Trump by special counsel Jack Smith have been dismissed since he won the November 5 presidential election.
Trump was convicted in New York in May of 34 counts of falsifying business records to cover up a hush money payment to porn star Stormy Daniels.
Judge Juan Merchan recently rejected a bid by the president-elect to have his conviction thrown out but has postponed sentencing indefinitely.
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