✉news WorldLaw & Courts first seen 23 h ago, last 13 h ago, peak #22
Kalshi loses appeals court ruling on state regulation of prediction markets
Prediction market operator Kalshi has lost a ruling at the appeals court level concerning whether state regulators can oversee its prediction markets. The decision means states may retain authority to regulate or restrict certain event contracts, a setback for Kalshi's argument that federal law preempts state oversight of its business. The ruling is likely to shape ongoing disputes between prediction market platforms and state gaming and securities regulators.
Why now: An appellate ruling against Kalshi affects how prediction markets can operate across US states, drawing attention from the betting and finance industries.
Rank over time, top of the chart is #1. 7 snapshots from 23 h ago to 13 h ago.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/17395