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Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations

https://www.coindesk.com/policy/2026/09/25/another-appeals-court-rules-against-prediction-market-provider-kalshi-says-sports-contracts-are-subject-to-state-regulations
Coindesk Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations A Sixth Circuit Court of Appeals panel ruled that prediction markets' sports-related events contracts are not swaps, and therefore aren't subject to federal regulatory oversight.
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