https://www.live-feeds.com/feed/kalshi-s-embrace-of-sports-betting-tests-rules-for-prediction-marketsContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/kalshi-s-embrace-of-sports-betting-tests-rules-for-prediction-marketshttps://www.live-feeds.com/feed/kalshi-s-embrace-of-sports-betting-tests-rules-for-prediction-markets#u86321Sun, 27 Sep 2026 15:50:34 +0000A federal appeals court has dealt a significant legal blow to prediction markets by ruling that states maintain the authority to regulate sports-related contracts like traditional gambling. The unanimous decision from the 6th U.S. Circuit Court of Appeals rejects Kalshi's efforts to operate its sports prediction contracts free from state gambling restrictions. The ongoing litigation centers on whether these prediction contracts function as federally regulated financial derivatives or as state-regulated sports betting. This ruling empowers states like Ohio and Tennessee to enforce their lo