{
  "id": 9842766,
  "title": "Appeals court rules against Kalshi, says prediction markets can be regulated like gambling",
  "url": "https://urgent.news/2026/09/25/appeals-court-rules-against-kalshi-says-prediction-markets-can-be",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-25T21:31:55.000Z",
  "source": {
    "name": "The Hill",
    "slug": "the-hill",
    "url": "https://thehill.com/policy/technology/6112365-6th-circuit-rules-against-kalshi/"
  },
  "original_language": "en",
  "account": null,
  "summary": "The 6th U.S. Circuit Court of Appeals ruled against the prediction market Kalshi Friday, determining states can regulate prediction market platforms like gambling in the latest blow to the industry. In a unanimous ruling, the three-judge panel sided with Ohio and Tennessee, finding Kalshi did not show its sports-event contracts are \"swaps\" that typically fall...",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 5,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "US appeals court rules against Kalshi, says states can regulate prediction markets",
        "url": "https://urgent.news/2026/09/25/us-appeals-court-rules-against-kalshi-says-states-can-regulate-9824569",
        "published": "2026-09-25T19:58:01.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "US appeals court rules against Kalshi, says states can regulate prediction markets",
        "url": "https://urgent.news/2026/09/25/us-appeals-court-rules-against-kalshi-says-states-can-regulate",
        "published": "2026-09-25T20:00:26.000Z"
      },
      {
        "outlet": "CoinDesk",
        "title": "Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations",
        "url": "https://urgent.news/2026/09/25/another-appeals-court-rules-against-prediction-market-provider-kalshi",
        "published": "2026-09-25T21:17:30.000Z"
      },
      {
        "outlet": "CNBC",
        "title": "Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms",
        "url": "https://urgent.news/2026/09/25/appeals-court-rules-that-states-can-regulate-kalshis-sports",
        "published": "2026-09-25T21:41:18.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}