Court rules Kalshi sports bets aren't "swaps," just gambling with a different name
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Kalshi today lost a major ruling over whether it can evade state gambling laws, as a federal appeals court found that Nevada can stop the prediction market from allowing sports bets. While the Trump administration is trying to help prediction markets avoid state regulation, a panel of three Trump-appointed judges unanimously ruled against Kalshi in today's decision from the US Court of Appeals for the 9th Circuit.
The Nevada Gaming Control Board today said the 9th Circuit "emphatically reject[ed
The Nevada Gaming Control Board today said the 9th Circuit "emphatically reject[ed
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