US court rules against Kalshi, says states can regulate prediction markets
- US appeals courts have varied on the regulation of prediction markets, opening the door to US Supreme Court debate.
- A United States appeals court has found that states can regulate prediction markets, ruling against a bid by the company Kalshi to exempt so-called event contracts from state gambling laws.
- The Friday ruling by the 6th US Circuit Court of Appeals in Cincinnati is the latest in an unfolding debate about oversight of prediction markets, whose explosive growth has prompted ethical and regulatory questions.
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- US appeals courts have varied on the regulation of prediction markets, opening the door to US Supreme Court debate.
- A United States appeals court has found that states can regulate prediction markets, ruling against a bid by the company Kalshi to exempt so-called event contracts from state gambling laws.
- The Friday ruling by the 6th US Circuit Court of Appeals in Cincinnati is the latest in an unfolding debate about oversight of prediction markets, whose explosive growth has prompted ethical and regulatory questions.
Sources: Al Jazeera