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Ninth Circuit Rules States Can Regulate Prediction Markets | Oakland News
Kalshi’s prediction market dreams just got a legal setback as the Ninth Circuit rules Nevada can regulate its bets—calling them simple sports wagers, not federal financial instruments. With 20 states already locked in legal battles and conflicting rulings from other circuits, this could head straight to the Supreme Court. Nevada celebrates state control while Kalshi vows to appeal, fueling a high-stakes chess match over who gets to call the shots on the future of betting—and whether states or federal regulators should protect citizens from gambling risks. Listen in comfort:Get a discount on a…
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