Ninth Circuit rules against Kalshi on prediction markets, Truist analyst says
Regulation · SectorWire deskSource published
Summary
The Ninth Circuit ruled against Kalshi on prediction markets, Truist Securities analyst Barry Jonas said on 31 August. Jonas said the Fourth and Sixth Circuits had yet to rule and identified a split between courts.
Why it matters
Court splits over prediction markets leave operators and suppliers facing differing rules across US circuits.
Cite as: SectorWire, “Ninth Circuit rules against Kalshi on prediction markets, Truist analyst says”, 31 August 2026, https://sectorwire.news/item/ninth-circuit-rules-against-kalshi-on-prediction-markets-truist-analys/