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US lawyer says Supreme Court prediction markets ruling could come in 2027

Regulation

Goodwin Procter partner Andrew Kim said a US Supreme Court decision on prediction markets could come as soon as 2027, speaking at a New York event on 9 March. Kim said the timing would depend on appeals court decisions and whether state and federal courts disagree; other panellists said the outcome remained uncertain.

A potential Supreme Court ruling could affect the dispute over federal and state authority to regulate sports event contracts.

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Regulation

Kalshi blocks prediction markets on three California tribal reservations after court ruling

Reportedly, Kalshi restricted access to its prediction markets on three tribal reservations in California. The restrictions followed a federal appeals court finding that its sports contracts likely breach tribal gaming laws.

Kalshi has blocked access to its prediction markets on three tribal reservations in California, the company's attorney Grant Mainland told a federal judge during a status hearing on Thursday. The restrictions follow a federal appeals court finding that Kalshi's sports contracts likely breach tribal gaming laws.

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