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U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court

August 29, 2026 CNBC 1 min read
CNBC · Center
U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court

The 9th U.S. Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a 3rd Circuit ruling from April.

Source: CNBC

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