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US Court of Appeals
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- 1Appeals court says Kalshi prediction markets can be regulated like gambling▼Appeals court rules against Kalshi, says prediction markets can be regulated like gambling
A US appeals court has ruled against Kalshi, holding that prediction markets can be regulated like gambling. The decision is a setback for Kalshi and the broader prediction-market industry, which has argued its event contracts are financial instruments overseen by the Commodity Futures Trading Commission rather than betting products subject to state gambling laws. The ruling could reshape how event trading platforms operate across the United States.
- 2Supreme Court citizenship database ruling signals bigger fight ahead▼Supreme Court citizenship database ruling highlights important appeal to come
The US Supreme Court has issued a ruling concerning a citizenship database, a decision that observers say points to a more significant legal battle still to come. The case is tied to an important appeal that could determine how citizenship records are used by authorities. Legal watchers are closely following the implications of the ruling.
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Prediction market operator Kalshi has lost a ruling at the appeals court level concerning whether state regulators can oversee its prediction markets. The decision means states may retain authority to regulate or restrict certain event contracts, a setback for Kalshi's argument that federal law preempts state oversight of its business. The ruling is likely to shape ongoing disputes between prediction market platforms and state gaming and securities regulators.
- 4US appeals court upholds Pentagon blacklisting of Anthropic▼US appeals court upholds Pentagon's blacklisting of Anthropic
A US appeals court has upheld the Pentagon's blacklisting of artificial intelligence company Anthropic. The ruling means the Defense Department's decision to restrict dealings with the AI firm stands, dealing a setback to Anthropic's efforts to challenge the designation. The move places one of America's leading AI developers at odds with the Pentagon, raising questions about the government's relationship with major technology companies working on advanced AI systems.