‘This is an all-out war’: Inside the casino industry’s fight to stop prediction markets

‘This is an all-out war’: Inside the casino industry’s fight to stop prediction markets  CNN

The ruling shoots down Kalshi's attempt to block the state from regulating its platform.

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

A federal appeals court panel is refusing to let prediction market operator Kalshi restart trading on elections and sporting events in Nevada while it fights the state’s effort to shut it down until it gets a license from state gambling regulators

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