Appeals court rules against Kalshi, says prediction markets can be regulated like gambling
World2 sources2 countries🔦 Under-reported25m ago
A US appeals court has ruled against prediction market platform Kalshi, determining that prediction markets can be regulated like gambling. The decision marks a significant development in the legal oversight of these financial products.
The ruling highlights a broader jurisdictional struggle across the United States. Currently, twenty states are engaged in active litigation regarding whether individual states possess the authority to regulate prediction markets.
Legal experts suggest this ruling may intensify the national debate. Because US appeals courts have varied in their approaches to regulating prediction markets, the conflict could ultimately lead to intervention by the US Supreme Court.
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How the coverage differs
Same story, different emphasis — here's what each outlet chose to lead with.
WGN9 Chicago (Chicago, US)Focuses on the widespread state-level litigation involving twenty different states.
Al JazeeraEmphasizes the conflicting appeals court rulings and potential Supreme Court review.
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