Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations
A Sixth Circuit Court of Appeals panel ruled that prediction markets' sports-related events contracts are not swaps, and therefore aren't subject to federal regulatory oversight.
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- Appeals court rules against Kalshi, says prediction markets can be regulated like gambling thehill.com
- Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms cnbc.com
- US appeals court rules against Kalshi, says states can regulate prediction markets investing.com
- US appeals court rules against Kalshi, says states can regulate prediction markets channelnewsasia.com
