Appeals Court Rules Against Kalshi, Says Prediction Markets Can Be Regulated Like Gambling

The Legal Fight Over Prediction Markets Heats Up

The battle over whether sports-event contracts are gambling may be headed for the Supreme Court.

After 9th Circuit ruling, Mayes pushes to revive her gambling case against Kalshi

Attorney General Kris Mayes wants an appeals court to dissolve a trial court judge’s order that blocked her from prosecuting online prediction market company Kalshi for violating Arizona’s gambling laws.

Appeals court rules against Kalshi, says prediction markets can be regulated like gambling

Twenty states are in active litigation over whether prediction markets can be regulated by the states.