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US States News Prediction Markets States Can Regulate Prediction Markets as Gambling, Court Rules Last Updated: August 31st, 2026 11:27 am PDT Key Highlights Sports-related event contracts are not “swaps,” according to a federal appeals court. The Supreme Court, however, will likely have the final say whether states can regulate prediction markets. Court Sides With State Regulators On August 28, the Ninth Circuit Court of Appeals rejected Kalshi’s request for injunctive relief against the Nevada Gaming Control […]
