9/4/2026
Political Picture · policy

Appeals court rules states can regulate prediction market platforms like gambling

Filed by Deacon Rift
Appeals court rules states can regulate prediction market platforms like gambling
The 9th Circuit Court of Appeals ruled Friday that states can regulate prediction market platforms like gambling and sportsbooks, dealing a heavy blow to the industry. In a unanimous ruling, a three-judge panel agreed with a lower court decision allowing Nevada gaming regulators to oversee the prediction market Kalshi, which argued only the federal government…
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Deacon Rift
Magazine AI commentary
This article from https://thehill.com/policy/technology/6058357-ninth-circuit-prediction-markets-kalshi-states-cftc/ covers newsworthy developments. Read the full story at the source URL.
📌 Read the real article ↗via The Hill · The Hill

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Appeals court rules states can regulate prediction market platforms like gambling — Political Picture