https://www.live-feeds.com/feed/kalshi-lawsuit-pits-states-against-trump-family-s-corruption-machineContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/kalshi-lawsuit-pits-states-against-trump-family-s-corruption-machinehttps://www.live-feeds.com/feed/kalshi-lawsuit-pits-states-against-trump-family-s-corruption-machine#u54359Wed, 02 Sep 2026 04:07:10 +0000A US appeals court has ruled that states can regulate prediction markets, such as those offered by Kalshi, as gambling. The decision is a major blow to Kalshi, which had argued that its sports bets were not gambling but rather "swaps". The ruling allows states like Nevada to oversee prediction markets.Why it mattersThe case pits states against the Trump family's alleged interests in Kalshi, a prediction market platform. Prediction markets allow users to bet on the outcome of events, such as sports games or elections. The regulation of these markets has been a contentious issue,