EconomyCourt rules Kalshi sports bets aren’t “swaps,” just gambling by another name
The U.S. Court of Appeals for the 9th Circuit ruled unanimously that Nevada may block prediction market Kalshi from offering sports bets. The three Trump-appointed judges said the federal Commodity Exchange Act does not preempt Nevada gambling laws covering sports-event contracts offered by Kalshi, Crypto.com and Robinhood.
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Ars Technica★★☆☆☆2026-08-28 22:14Original
Court rules Kalshi sports bets aren’t “swaps,” just gambling by another name
Economy