Appeals court rules against prediction markets, tees up SCOTUS fight
A Kalshi advertisement seen in Washington on March 27, 2026.Paul Lester | CNBC, the U.S. Court of Appeals for the Ninth Circuit rejected prediction market platforms’ requests for injunctive relief against the Nevada Gaming Control Board, concluding that sports-related event contracts are not a federally regulated derivative. The court rejected appeals by Kalshi and Crypto.com, … Read more