Ninth Circuit win for Nevada over Kalshi sets up potential Supreme Court showdown
The Ninth Circuit Court of Appeals delivered a win for Nevada’s regulated sports betting industry Friday when a three-judge panel ruled that sports bets accepted by Kalshi are likely not swaps as determined by the Commodity Exchange Act. The court rejected the arguments of prediction markets Kalshi, Crypto.com, and Robinhood, which asserted that federal law […]
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