✉news WorldLaw & Courts first seen 1 h ago, last 2 min ago, peak #29
Court rules against Kalshi on state regulation of prediction markets
Original: Court rules against Kalshi, says states can regulate prediction markets
A US court has ruled against prediction market operator Kalshi, holding that states retain the authority to regulate prediction markets operating within their borders. The decision is a setback for Kalshi's expansion strategy, which has relied on federal oversight of event contracts. It may prompt further legal fights over whether prediction markets fall under federal or state gambling and derivatives law.
Why now: The ruling has immediate consequences for Kalshi's business model and the wider prediction market industry.
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- Court rules against Kalshi, says states can regulate prediction markets · The Columbus Dispatch
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