US appeals courts have varied on regulation of prediction markets, opening the door to US Supreme Court debate.
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US court rules against Kalshi, says states can regulate prediction markets
US appeals courts have varied on regulation of prediction markets, opening the door to US Supreme Court debate.
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Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms
The decision is the second in less than a month by an appeals court that states have a role in regulating sports-related event contracts.
