Regulation
Ninth Circuit rules in tribal gaming interests' favour in prediction market dispute
The Ninth Circuit ruled for tribal gaming interests a day after the Senate failed to advance the CLARITY Act.
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Regulation
Ninth Circuit backs California tribes in Kalshi and Robinhood challenge
Kalshi and Robinhood face a Ninth Circuit ruling backing key aspects of two California tribes’ challenge.
Regulation
Crypto.com seeks Supreme Court ruling on federal authority over sports contracts
Conflicting circuit decisions leave disputed whether federal law overrides state gambling rules for sports contracts.
Regulation
Ninth Circuit allows Nevada to regulate sports event contracts as gambling
The ruling subjects disputed Nevada sports event contracts to gambling rules, while DraftKings and Flutter shares gained.
Regulation
New Jersey seeks US Supreme Court review of Kalshi sports contract ruling
The petition challenges a ruling favouring Kalshi over New Jersey’s authority to regulate its sports contracts as gambling.
Deals & M&A
DraftKings and FanDuel compete with Kalshi for US sports bettors
DraftKings and FanDuel compete with Kalshi for US sports bettors as Kalshi avoids describing its product as a bet.
Regulation
Ninth Circuit rejects Kalshi exemption from state sports betting laws
The unanimous ruling subjects Kalshi’s sports markets to state sports betting laws, although Roth identified aspects potentially supporting Kalshi.
Regulation
New Jersey asks Supreme Court to review sports prediction markets
The petition seeks Supreme Court consideration of conflicting circuit positions affecting sports prediction markets.
Regulation
Ninth Circuit rules Kalshi sports contracts are bets outside federal swaps protection
The ruling classifies Kalshi’s sports contracts as bets rather than swaps protected under federal law.
Regulation
Ninth Circuit backs Nevada's authority over Kalshi sports event contracts
The ruling backs Nevada’s action against Kalshi’s sports contracts after Kalshi failed to demonstrate likely federal pre-emption.
Regulation
Ninth Circuit upholds state gambling oversight of US prediction platforms
The ruling strengthens state regulators’ position in disputes over whether prediction platforms must comply with gambling rules.
Regulation
Ninth Circuit backs Nevada in Kalshi prediction markets dispute
The ruling permits Nevada to apply its gaming laws to Kalshi’s operations in the state.
Regulation
Ninth Circuit rules against Kalshi on prediction markets, Truist analyst says
Court splits over prediction markets leave operators and suppliers facing differing rules across US circuits.
Regulation
Ninth Circuit denies Kalshi appeal against Nevada
The ruling keeps Nevada's action against Kalshi in place and tests how far prediction markets can operate outside state gambling regimes.
Regulation
Ninth Circuit ruling against Kalshi draws citations in other prediction market cases
A federal appellate split over prediction markets exposes operators and state regulators to conflicting court standards and possible Supreme Court review.
Regulation
Ninth Circuit rules against Kalshi as Polymarket offers Supreme Court hearing market
Conflicting appellate rulings on Kalshi could bring the dispute before the Supreme Court.
Regulation
Ninth Circuit returns Kalshi election contract question to district court
The court ruled against Kalshi’s Nevada sports contracts while leaving federal pre-emption unresolved for election contracts.
Regulation
Ninth Circuit allows Nevada to enforce gambling laws against Kalshi
Nevada can enforce gambling laws against Kalshi’s sports event contracts following rejection of its federal pre-emption argument.
Regulation
Ninth Circuit upholds Nevada’s authority over Kalshi sports contracts
The ruling allows Nevada regulators to act against Kalshi’s prediction market operations despite its federal commodities law argument.
Regulation
Ninth Circuit rejects sports event contracts in 3–0 ruling
The ruling affects how prediction-market operators can offer sports event contracts in the US market.
Regulation
Ninth Circuit affirms ruling that Kalshi sports contracts are bets
The ruling keeps prediction-market sports contracts outside swaps treatment, shaping how US operators and suppliers view event-contract competition.
Regulation
Nevada challenges Kalshi’s preemption argument over North Carolina prediction market tax
Nevada challenges whether Kalshi’s support for state taxation alongside federal oversight strengthens its preemption case.
Regulation
Kalshi seeks relief from state enforcement as CFTC considers prediction market rules
Operators seeking relief from state enforcement face federal appeals proceedings as the CFTC moves towards new sector rules.
Regulation
Kalshi faces Michigan geofencing deadline as CFTC orders trades honoured
The rulings test whether federal commodities law preempts state gambling rules for CFTC-regulated event contracts, affecting prediction market operators and licensed sportsbooks.