States Can Regulate Prediction Markets As Gambling, Federal Appeals Court Rules

Slashdot
By BeauHDAug 28, 2026, 6:00 pm129 ptsTrending
A federal appeals court has ruled that states can regulate prediction markets like Kalshi as gambling, handing state regulators their biggest legal victory yet against the booming industry. "There are still related lawsuits pending across the country, and legal experts believe the matter will ultimately be…

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