Appeals court rules states can regulate Kalshi’s sports prediction markets
CNBC reports that this is the second appeals court decision in less than a month recognizing a state role in regulating sports-related event contracts.
TLDR
An appeals court ruled that states can regulate Kalshi’s sports prediction markets, CNBC reports, describing another legal blow to the platforms. The outlet says it is the second appeals court decision in less than a month recognizing states’ role in regulating sports-related event contracts.
Appeals court rules states can regulate Kalshi’s sports prediction markets
CNBC reports that this is the second appeals court decision in less than a month recognizing a state role in regulating sports-related event contracts.
TLDR
An appeals court ruled that states can regulate Kalshi’s sports prediction markets, CNBC reports, describing another legal blow to the platforms. The outlet says it is the second appeals court decision in less than a month recognizing states’ role in regulating sports-related event contracts.