Nevada can regulate Kalshi sports contracts, appeals court rules
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The 9th U.S. Circuit Court of Appeals ruled that Nevada can regulate Kalshi's sports-event contracts under state gaming laws, dealing a blow to the prediction market operator and creating a split among federal appeals courts. In a 3-0 decision, the San Francisco-based court said Kalshi was unlikely…
The 9th U.S. Circuit Court of Appeals ruled that Nevada can regulate Kalshi's sports-event contracts under state gaming laws, dealing a blow to the prediction market operator and creating a split among federal appeals courts. In a 3-0 decision, the San Francisco-based court said Kalshi was unlikely to show that the federal Commodity Exchange Act pre-empts Nevada from requiring a gaming licence...