Lauren McCarthy / New York Times:

An appeals court rules states can regulate prediction markets, finding Kalshi's sports event contracts are bets, not swaps, and subject to state gambling laws  —  The outcome contradicted an earlier appeals court decision.  Federal regulators said the split rulings called for resolution by the Supreme Court.

Lauren McCarthy / New York Times:

An appeals court rules states can regulate prediction markets, finding Kalshi's sports event contracts are bets, not swaps, and subject to state gambling laws  —  The outcome contradicted an earlier appeals court decision.  Federal regulators said the split rulings called for resolution by the Supreme Court.

Source: TechMeme
Source Link: https://www.techmeme.com/260828/p23#a260828p23