https://www.live-feeds.com/feed/prediction-markets-should-be-regulated-as-gambling-appeals-court-saysContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/prediction-markets-should-be-regulated-as-gambling-appeals-court-sayshttps://www.live-feeds.com/feed/prediction-markets-should-be-regulated-as-gambling-appeals-court-says#u56643Fri, 04 Sep 2026 07:36:28 +0000New Jersey has asked the U.S. Supreme Court to determine whether prediction markets fall under federal oversight or state gambling laws, following a circuit split regarding Kalshi's sports contracts. The $22 billion platform is locked in a fierce legal battle with state regulators. Nevada appellate courts have blocked prediction markets from offering sports event contracts, while a Michigan court issued a preliminary injunction against Kalshi accompanied by a potential $500,000 daily fine. Meanwhile, 44 state attorneys general argue that states possess the authority to regulate these plat https://www.live-feeds.com/feed/prediction-markets-should-be-regulated-as-gambling-appeals-court-sayshttps://www.live-feeds.com/feed/prediction-markets-should-be-regulated-as-gambling-appeals-court-says#u54107Tue, 01 Sep 2026 14:36:51 +0000The Ninth Circuit Court of Appeals ruled 3-0 that states can regulate prediction markets as gambling, rejecting Kalshi's claim that its sports contracts are federally regulated financial swaps. This decision allows state gaming boards to apply gambling taxes and oversight to these platforms. Separately, Kalshi issued its first lifetime ban to former congressman George Santos, fining him $71,356 after he bet on his own attendance at the State of the Union. These developments arrive as the industry faces contradictory court rulings and the start of the NFL season.Why it mattersPrediction ma https://www.live-feeds.com/feed/prediction-markets-should-be-regulated-as-gambling-appeals-court-sayshttps://www.live-feeds.com/feed/prediction-markets-should-be-regulated-as-gambling-appeals-court-says#u52835Mon, 31 Aug 2026 07:10:45 +0000A federal appeals court ruled Friday that states have the authority to regulate prediction markets as gambling. The decision prevents Kalshi from blocking Nevada's oversight and rejects the claim that sports bets on the platform are "swaps" rather than gambling. Three Trump-appointed judges issued the ruling, which allows state gaming boards to oversee these platforms and apply gambling taxes. This decision disrupts the current industry practice of obtaining licenses through a federal commodity regulator to avoid state-level gaming restrictions and taxation.Why it mattersPredict