Ninth Circuit affirms ruling that Kalshi sports contracts are bets
Regulation · SectorWire deskSource published
Summary
A US federal appeals court upheld a lower court decision on Friday that Kalshi's sports event contracts are sports bets. The ruling is likely to send the dispute to the Supreme Court, the outlet reported.
Why it matters
The ruling keeps prediction-market sports contracts outside swaps treatment, shaping how US operators and suppliers view event-contract competition.
Cite as: SectorWire, “Ninth Circuit affirms ruling that Kalshi sports contracts are bets”, 28 August 2026, https://sectorwire.news/item/ninth-circuit-affirms-ruling-that-kalshi-sports-contracts-are-bets/
Key facts
- Parties
- Kalshi · Ninth Circuit Court of Appeals
- Market
- USA