Prediction Markets and States Clashed, Setting Off a Furious Political Battle

A legal dispute over the future of Kalshi, Polymarket and others has drawn in the Trump administration, the president’s son and nearly every state attorney general.

The 9th Circuit Court of Appeals ruled states on Friday 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, w

Trading of sports event contracts on Kalshi constitutes gambling, appeals court rules in siding with Nevada officials.

The 3-0 ruling creates a circuit split with a Third Circuit decision and sets up a likely Supreme Court showdown

It may be early in the season, but there's a lot on the line when NC State takes on a Virginia team coming off 11 wins in 2025

A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.

A federal appeals court ruled Friday that Nevada can enforce its gambling laws against sports-related prediction contracts, rejecting challenges from Kalshi and Crypto.com and dealing a major blow to the rapidly growing industry.  The Ninth Circuit Court of Appeals rejected Kalshi’s argument that its sports contracts a

States can regulate prediction markets as gambling, federal appeals court rules | CNN Business  CNN