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Sports bets on prediction markets ruled to be "swaps," exempt from state laws

  • Ars Technica faviconArs Technica

    By Jon BrodkinApr 6, 2026, 5:56 pm242 ptsTop
    photo of Sports bets on prediction markets ruled to be A federal appeals court ruled that New Jersey cannot regulate sports bets on prediction markets because the US Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction. Kalshi, which is registered with the CFTC as a designated contract market (DCM), last year won a preliminary injunction…
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