✉news WorldLaw & Courts first seen 11 h ago, last 10 h ago, peak #20
Appeals court says Kalshi prediction markets can be regulated like gambling
Original: Appeals court rules against Kalshi, says prediction markets can be regulated like gambling
A US appeals court has ruled against Kalshi, holding that prediction markets can be regulated like gambling. The decision is a setback for Kalshi and the broader prediction-market industry, which has argued its event contracts are financial instruments overseen by the Commodity Futures Trading Commission rather than betting products subject to state gambling laws. The ruling could reshape how event trading platforms operate across the United States.
Why now: The ruling threatens the legal foundation of fast-growing prediction market platforms like Kalshi.
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- Appeals court rules against Kalshi, says prediction markets can be regulated like gambling · NewsNation
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