Ninth Circuit ruling against Kalshi draws citations in other prediction market cases
Regulation · SectorWire deskSource published
Summary
Litigants have started citing a Ninth Circuit decision against Kalshi in other prediction market cases. The outlet said the ruling produced the first split between federal appeals courts on prediction markets, raising the stakes for Kalshi, state regulators and a possible Supreme Court fight.
Why it matters
A federal appellate split over prediction markets exposes operators and state regulators to conflicting court standards and possible Supreme Court review.
Cite as: SectorWire, “Ninth Circuit ruling against Kalshi draws citations in other prediction market cases”, 31 August 2026, https://sectorwire.news/item/ninth-circuit-ruling-against-kalshi-draws-citations-in-other-predictio/