Federal Appeals Court Rules Prediction Markets as Gambling

A federal appeals court has ruled that states can regulate prediction markets as gambling, a significant setback for the industry, with Kalshi planning to appeal the decision.

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North America

United States· Marquette

First report 1h ago•Last update 15m ago

Federal Appeals Court Rules Prediction Markets as Gambling

A federal appeals court has ruled that states can regulate prediction markets as gambling, a significant setback for the industry, with Kalshi planning to appeal the decision.

iWitness comments

No comments yet — be the first to weigh in.