# US appeals court rules against Kalshi, says states can regulate prediction markets

https://mins.news/en/item/74512

- Reuters, 2026-09-25 20:00 UTC
- Politics
- Original: https://www.reuters.com/business/finance/us-appeals-court-rules-against-kalshi-says-states-can-regulate-prediction-2026-09-25/?link_source=ta_bluesky_link&taid=6ab6d2e129ff15000115017a

> A US appeals court ruled against prediction-market operator Kalshi on Friday, finding that states may regulate its so-called event contracts under gambling laws.

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