Appeals court rules on regulation of prediction markets
The Hill · September 25, 2026Original source ↗
What happened
The 6th U.S. Circuit Court of Appeals issued a ruling against the prediction market Kalshi. The court determined that states have the authority to regulate such platforms as gambling.
Why it matters
This ruling may impact the regulation and operation of prediction markets across the country.
How this story affects people
How does this story affect you if you participate in prediction markets?
This ruling could restrict your ability to engage in these platforms, as they may now face stricter regulations similar to those governing gambling. If states impose heavy regulations, it could limit the options available for making predictions or betting on events.
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