Kalshi loses appeals court ruling on state regulation of prediction markets
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- A US appeals court rules that Kalshi's sports contracts are not "swaps" subject only to CFTC regulation, allowing states to regulate them under gambling laws (Jonathan Stempel/Reuters) reuters.com
- Jonathan warns politicians against bending rules to win elections businessday.ng
- Kalshi loses appeal over Ohio and Tennessee sports betting laws, widening circuit split theblock.co