https://www.live-feeds.com/feed/9th-circuit-sides-with-states-in-kalshi-gambling-fight-potentially-reviving-arizona-s-prosecutionContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/9th-circuit-sides-with-states-in-kalshi-gambling-fight-potentially-reviving-arizona-s-prosecutionhttps://www.live-feeds.com/feed/9th-circuit-sides-with-states-in-kalshi-gambling-fight-potentially-reviving-arizona-s-prosecution#u57476Fri, 04 Sep 2026 23:46:27 +0000The Ninth Circuit Court of Appeals ruled that Kalshi sports contracts constitute sports betting, stripping the platform of federal shields used to block state oversight. This decision prohibits prediction markets from offering sports event contracts in Nevada and may revive a prosecution led by Arizona Attorney General Kris Mayes. The court explicitly stated that Kalshi has a gambling problem, rejecting the company's premise that its offerings are regulated exchange contracts rather than wagers. The ruling likely sets the stage for a Supreme Court challenge next year.Why it mattersPredict https://www.live-feeds.com/feed/9th-circuit-sides-with-states-in-kalshi-gambling-fight-potentially-reviving-arizona-s-prosecutionhttps://www.live-feeds.com/feed/9th-circuit-sides-with-states-in-kalshi-gambling-fight-potentially-reviving-arizona-s-prosecution#u52780Mon, 31 Aug 2026 06:05:51 +0000The 9th Circuit Court of Appeals ruled that U.S. states have the authority to regulate prediction markets as gambling. The decision prevents Kalshi from blocking oversight by Nevada and may revive a prosecution in Arizona. The court specifically found that Kalshi sports bets are not swaps, but are gambling under a different name. This ruling removes a key legal shield for prediction platforms and likely sets the stage for a challenge at the Supreme Court.Why it mattersPrediction platforms previously operated under licenses from a federal commodity regulator to avoid state gaming board oversigh