Daily Market Updates: Appeals court says states can regulate Kalshi sports prediction markets

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Appeals court says states can regulate Kalshi sports prediction markets

Reported · Written up by our desk · Regulation

A U.S. appeals court ruled that states can regulate Kalshi’s sports prediction markets, citing the role states can play in overseeing sports-related event contracts, according to CNBC Markets.

The decision marks the second appeals court ruling in less than a month that found states have a say in regulating sports-related event contracts, CNBC reported.

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CNBC MarketsAppeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms

CNBC FinanceAppeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms

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Appeals court says states can regulate Kalshi sports prediction markets

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