Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms
The decision is the second in less than a month by an appeals court that states have a role in regulating sports-related event contracts.
TL;DR
- An appeals court ruled that states can regulate sports-related event contracts.
- This is the second such decision by an appeals court in less than a month.
- The ruling affirms the role of states in regulating these types of contracts.