https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rulesContinuously updated, source-cited coverage. https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u120333Tue, 13 Oct 2026 23:03:30 +0000A federal appeals court has ruled that states can regulate prediction markets as gambling, in a legal battle involving Kalshi and New Jersey regulators. The National Football League supports this regulation, arguing that sports prediction contracts are effectively gambling and should be overseen by states to prevent consumer harm. Conflicting judicial actions have created uncertainty around prediction markets.Why it mattersThe regulation of prediction markets is a contentious issue, with different courts issuing conflicting rulings. The outcome will impact the operation of prediction market pl https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u115656Sun, 11 Oct 2026 09:30:49 +0000The National Football League is urging the Supreme Court to rule that prediction markets are gambling applications, filing an amicus brief supporting New Jersey regulators in a legal battle against Kalshi. The NFL argues that sports prediction contracts are effectively gambling and that states are better positioned to oversee these platforms to prevent consumer harm. Meanwhile, the legal battle sees conflicting judicial actions, as a federal judge in Chicago blocked Illinois from enforcing sports wagering rules against Kalshi while appeals courts remain split on the issue.Why it mattersThe leg https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u101931Mon, 05 Oct 2026 08:08:22 +0000The Commodity Futures Trading Commission is attempting to define prediction market event contracts as swaps, directly disputing state regulator claims that these platforms constitute illegal gambling. The federal agency sent proposed rules and draft regulations to the White House Office of Information and Regulatory Affairs for review. Meanwhile, the regulatory clash intensifies as a Nevada attorney opposes a bid by prediction market Kalshi to delay a Ninth Circuit rehearing based on the ongoing federal rulemaking process.Why it mattersThe dispute centers on regulatory jurisdiction between fed https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u96232Sat, 03 Oct 2026 09:06:32 +0000Ohio Governor DeWine stated that an appeals court ruling confirms prediction markets are illegal gambling and subject to state law enforcement. As prediction markets expand into mainstream public life, platforms like Polymarket are accepting wagers on Canadian mayoral races and apps are offering NBA basketball trading. The mainstreaming of these platforms brings both gambling risks and new sources of political information, raising concerns for public health and democracy. Concurrently, competitor DraftKings faces a proposed class action lawsuit over allegations that artificial intelligence was https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u92502Thu, 01 Oct 2026 09:55:15 +0000A second federal appeals court ruled that sports event contracts offered by Kalshi do not qualify as federally regulated swaps. The unanimous panel from the 6th US Circuit Court of Appeals in Cincinnati decided that Ohio and Tennessee can enforce state gambling regulations on the platform. This legal defeat deepens an existing split over the regulatory classification of prediction markets. Legal analysts indicate the dispute is likely heading toward the Supreme Court. Meanwhile, competitor Polymarket introduced new deposit limits and addiction resources amid growing calls for increased platfor https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u89010Tue, 29 Sep 2026 14:04:04 +0000A federal appeals court decided that states maintain the authority to regulate prediction markets using local gambling laws. The unanimous panel from the 6th US Circuit Court of Appeals in Cincinnati ruled against the prediction markets operator Kalshi on Friday. Judges determined that sports-related event contracts do not qualify as federally regulated swaps under the Commodity Futures Trading Commission. This ruling allows Ohio and Tennessee to enforce state gambling regulations on the platform. Legal analysts indicate the dispute is heading toward the Supreme Court.Why it mattersFederal app https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u86754Sun, 27 Sep 2026 20:36:49 +0000A federal appeals court decided that Ohio and Tennessee can regulate Kalshi event contracts using state gambling laws. A unanimous three-judge panel at the 6th US Circuit Court of Appeals rejected arguments that the platform's sports contracts qualify as federally regulated swaps under the Commodity Futures Trading Commission. The decision increases compliance risks for fintech platforms and widens a legal divide among federal courts regarding state oversight of prediction markets. Legal analysts indicate the dispute is heading toward the Supreme Court.Why it mattersThe ruling marks the s https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u84783Sat, 26 Sep 2026 06:20:14 +0000The Sixth Circuit Court of Appeals ruled Friday that Ohio and Tennessee have the authority to regulate Kalshi's event contracts using state gambling laws. The states argued Kalshi violated these laws by offering sporting event contracts without a license. This decision expands the legal pressure on the prediction market operator, following a previous ruling that allowed Nevada to apply similar regulations. The ruling increases the legal divide among federal appeals courts regarding how states can oversee prediction markets.Why it mattersPrediction markets allow users to trade contracts ba https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u82790Thu, 24 Sep 2026 18:15:23 +0000The Ninth Circuit Court of Appeals determined that Nevada can apply state gambling laws to Kalshi prediction markets. This ruling resolves a jurisdictional dispute over whether contracts based on sports events are gambling. While Kalshi maintains partnerships with Major League Baseball teams including the Padres and Dodgers, the court decision grants states the authority to regulate such platforms. This follows a separate crackdown in Missouri, where Attorney General Catherine Hanaway sent cease-and-desist letters to six exchanges.Why it mattersPrediction markets function as trading platforms https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u80976Wed, 23 Sep 2026 05:21:22 +0000The Ninth Circuit Court of Appeals ruled that Nevada may enforce state gambling laws against Kalshi prediction markets. This decision follows a period of jurisdictional conflict between state and federal authorities over whether sports event contracts constitute gambling. While Kalshi has expanded its reach through partnerships with Major League Baseball teams like the Dodgers and Padres, the ruling empowers states to regulate these platforms. Simultaneously, Missouri Attorney General Catherine Hanaway has issued cease-and-desist letters to six prediction market exchanges as part of a state-le https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u79188Mon, 21 Sep 2026 21:35:40 +0000The U.S. Supreme Court is being asked to resolve whether the Commodity Futures Trading Commission holds exclusive authority over sports event contracts or if states can regulate them as gambling. New Jersey petitioned the court on Sept. 2 to determine if Kalshi can legally offer sports betting across all 50 states without obtaining state licenses. Robinhood and Crypto.com have also requested the court settle the jurisdictional conflict between federal and state authorities.Why it mattersA Ninth Circuit panel previously ruled that Kalshi's sports contracts constitute betting under the Indi https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u76259Sat, 19 Sep 2026 13:10:34 +0000A Ninth Circuit panel ruled that purchasing sports contracts on Kalshi constitutes betting under the Indian Gaming Regulatory Act. This decision sides with two California tribes and restricts Kalshi's operations on tribal lands. The ruling reinforces the ability of state and tribal authorities to regulate prediction markets as gambling rather than financial speculation. This legal setback for Kalshi arrives as the platform continues to challenge broader jurisdictional restrictions on its event contracts.Why it mattersPrediction markets allow users to trade on the outcome of elections and https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u72746Thu, 17 Sep 2026 11:46:02 +0000A federal appeals court ruling allows states to regulate prediction markets as gambling, intensifying jurisdictional clashes between state regulators and federal authorities. These platforms let users trade event contracts on sports and elections, creating tension over whether the activity constitutes traditional gambling or distinct financial speculation. Conflicting circuit rulings and the Senate's failure to advance the CLARITY Act leave the legal standing of these markets uncertain. Meanwhile, platform operators like Kalshi pursue rehearings that could influence the timeline for a pot https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u69159Tue, 15 Sep 2026 16:07:02 +0000A New York federal court is currently deciding whether to block the state's crackdown on prediction markets. This legal challenge involves the Commodity Futures Trading Commission and a market operator seeking to halt state enforcement. These platforms allow users to trade contracts that pay fixed sums based on the outcome of elections or sports matches. The ruling will influence whether such speculation is treated as traditional gambling or a distinct financial activity, impacting how states apply gambling taxes and licensing requirements.Why it mattersThe legal status of prediction mark https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u62039Wed, 09 Sep 2026 00:22:42 +0000The U.S. Supreme Court is reviewing whether states can regulate prediction markets as gambling platforms. This legal battle pits federal control against state authority over sports betting and unlicensed casino operations. The case arrives as trading on these platforms increases ahead of the November midterms. New Jersey and Missouri have already argued that these markets must follow the same taxes and regulations as licensed sportsbooks. The court's decision will determine if platforms like Kalshi and Polymarket must comply with individual state gambling laws.Why it mattersA circuit spli https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u57967Sat, 05 Sep 2026 09:02:43 +0000New Jersey Attorney General Jennifer Davenport asked the U.S. Supreme Court to determine whether federally regulated prediction platforms can offer sports wagering without complying with state gambling laws. This legal action follows a circuit split regarding state authority over these markets. Missouri Attorney General Catherine Hanaway also contends that prediction markets ought to face the identical regulations and taxes as licensed sportsbooks. Meanwhile, Kalshi restricted users from placing wagers on the outcome of the New Jersey lawsuit after facing threats of daily fines from Michigan o https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u57109Fri, 04 Sep 2026 16:12:14 +0000New Jersey Attorney General Jennifer Davenport has asked the U.S. Supreme Court to determine if federally regulated prediction markets like Kalshi can offer sports betting nationwide without following state gambling laws. This legal challenge follows a circuit split regarding whether states can regulate these markets as gambling. While Missouri Attorney General Catherine Hanaway also argues that prediction markets should face the same taxes and regulations as licensed sportsbooks, Kalshi has blocked users from wagering on the outcome of the New Jersey lawsuit amid threats of daily fines from M https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u55228Thu, 03 Sep 2026 06:40:37 +0000New Jersey has asked the U.S. Supreme Court to decide whether states or federal regulators have oversight authority over prediction markets, following a federal appeals court ruling allowing states to regulate them as gambling. The case could determine how prediction markets are licensed and taxed. This development comes as the NFL season begins and prediction market platforms like Kalshi have entered partnerships with several teams.Why it mattersThe federal appeals court ruling permitting state oversight of prediction markets was a setback for Kalshi, which had argued that federal commodities https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u54974Wed, 02 Sep 2026 14:05:26 +0000A federal appeals court has ruled that states can regulate prediction markets as gambling, permitting Nevada gaming regulators to oversee the platform. The decision rejects Kalshi's claim that federal commodities law preempts state oversight. This ruling affects how prediction markets are licensed and taxed. The outcome arrives as the NFL season begins and Kalshi has entered brand partnerships with several teams.Why it mattersThe Ninth Circuit Court of Appeals' unanimous decision sets a precedent for state regulation of prediction markets. This industry has seen significant investor https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u53593Tue, 01 Sep 2026 06:16:11 +0000The Ninth Circuit Court of Appeals ruled that Kalshi's sports contracts constitute sports betting despite being offered through a federally regulated exchange. This unanimous decision permits Nevada gaming regulators to oversee the platform and rejects Kalshi's claim that federal commodities law preempts state oversight. The ruling establishes that states can regulate prediction markets as gambling, which affects how these platforms are licensed and taxed. This legal outcome arrives as the NFL season begins and Kalshi has entered brand partnerships with the San Diego Padres and three https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u53239Mon, 31 Aug 2026 14:25:36 +0000A federal appeals court ruled on August 28 that states may regulate prediction markets as gambling, rejecting Kalshi's argument that federal commodities law preempts state oversight of sports-event contracts. The unanimous decision allows Nevada gaming regulators to oversee Kalshi's platform and prevents the company from blocking such regulation. This ruling creates a conflict between federal and state jurisdictions over whether these platforms offer financial products or gambling services, potentially impacting how the industry is taxed and licensed.Why it mattersPrediction platform https://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-ruleshttps://www.live-feeds.com/feed/states-can-regulate-prediction-markets-as-gambling-federal-appeals-court-rules#u52184Sun, 30 Aug 2026 08:20:37 +0000The 9th U.S. Circuit Court of Appeals ruled 3-0 that states possess the authority to regulate prediction markets as gambling. The court specifically found that sports-related event contracts are not "swaps," rejecting claims by platform operator Kalshi that such trades fall outside state oversight. This decision prevents Kalshi from restarting trading on sports and election events in Nevada and potentially enables Arizona to revive previous prosecutions. The ruling creates a circuit split with a Third Circuit decision, signaling a likely legal battle at the Supreme Court.Why it matte