policy
Appeals Court Rules States Can Regulate Kalshi Prediction Markets
An appeals court ruled states can regulate Kalshi's sports prediction markets, marking the second such decision in less than a month.
An appeals court has ruled that states possess the authority to regulate Kalshi's sports prediction markets, according to CNBC Investing. This decision represents a second legal setback for platforms offering sports-related event contracts, as it follows another appeals court ruling within the past month affirming states' regulatory role in this area. For readers following broader market updates , this highlights ongoing legal scrutiny in the prediction market space.
The ruling underscores a developing legal landscape where state-level oversight is being affirmed for event contracts tied to sports. This is the second instance in less than a month where an appeals court has determined that states have a role in regulating these types of sports-related contracts.
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