Appeals Court Lets States Treat Prediction-Market Sports Contracts as Gambling

Appeals court lets states treat prediction-market sports contracts as gambling

Kalshi ruling deepens the national divide over prediction markets

Kalshi loses Nevada appeal over sports contracts

The Ninth Circuit Court decided that the state of Nevada has the right to enforce gambling laws against Kalshi. According to the court ruling Kalshi has failed to demonstrate that the law regarding commodities overrides the ability of Nevada to regulate contracts for sports events. Kalshi has claimed that all of its contracts can be […]

Appeals Court Rules Nevada Can Regulate Kalshi, Deepening Legal Fight Over Prediction Markets

A U.S. federal appeals court has ruled that Kalshi cannot stop Nevada’s gaming regulators from overseeing its prediction markets platform, dealing a significant blow to the company. The ruling also intensified a growing legal battle over whether prediction markets are financial products regulated by Washington or a form of sports gambling controlled by individual states. […] The post Appeals Court Rules Nevada Can Regulate Kalshi, Deepening Lega…

It's a Big Win for States Over Prediction Markets

Prediction markets just got a sharp reminder that states still call a lot of the shots. A federal appeals court on Friday ruled that states can treat sites like Polymarket and Kalshi as gambling operations, not just quirky financial exchanges, marking the most significant legal win yet for state…