States cite Ninth Circuit rulings, George Santos banned from Kalshi: today in prediction market news LIVE

In today's prediction market news, Kalshi is seeking the Tenth Circuit to halt enforcement of Utah's regulations while its federal appeal progresses, alongside Ohio and Rhode Island who are leveraging recent Ninth Circuit rulings to assert state jurisdiction over prediction markets. Additionally, Kalshi has permanently barred former Republican New York Congressman George Santos following an inquiry into his trading behavior, and the platform is advocating for more defined CFTC regulations as event contract markets expand.

The report will also cover ongoing enforcement actions concerning political trading, Kalshi's accusations against North Carolina congressional candidate Laurie Buckhout, and the latest updates in the realm of prediction markets, regulation, politics, cryptocurrency, and sports event trading.