SectorWire
SearchGet the daily briefing
Menu

Ninth Circuit assigns three Trump-appointed judges to prediction-markets appeal

Regulation

The Ninth Circuit’s panel for a consolidated prediction-markets appeal involving Kalshi, Crypto.com and Robinhood comprises judges Bridget Bade, Kenneth Lee and Ryan Nelson, all appointed by President Trump. The companies are appealing a Nevada federal court ruling that treated event contracts as wagering; the source says the panel was selected through a random process.

The appeal could affect how prediction-market event contracts are treated under Nevada law.

This story so far

Request a correction

Keep reading

Regulation

Ninth Circuit hears Nevada cases over prediction-market sports contracts

A three-judge panel of the US Court of Appeals for the Ninth Circuit heard arguments on 16 April in four cases involving Nevada and sports event contracts offered through designated contract markets. The cases include Kalshi, Robinhood Derivatives and North American Derivatives Exchange; an earlier Third Circuit ruling upheld a preliminary injunction blocking New Jersey from prohibiting Kalshi’s contracts.

Continue reading