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Appeals courtroom guidelines that states can regulate Kalshi’s sports activities prediction markets, dealing one other authorized blow to platforms

Davis GiangiulioSeptember 26, 20260

The 6th U.S. Circuit Court of Appeals ruled on Friday that states have a right to regulate sports-related event contracts on prediction market platforms, marking a second major legal defeat for the industry as a fight at the U.S. Supreme Court looms.

U.S. appeals courtroom guidelines towards prediction markets, units up probably struggle at Supreme Courtroom

Davis GiangiulioAugust 29, 20260

The 9th U.S. Circuit Court of Appeals rejected prediction market platforms' requests for injunctive relief against the Nevada Gaming Control Board, concluding that sports-related event contracts are not a derivative regulated by the federal government.