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Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms

September 26, 2026 CNBC 1 min read
CNBC · Center
Appeals court rules that states can regulate Kalshi’s sports prediction markets, dealing another legal blow to platforms

The decision is the second in less than a month by an appeals court that states have a role in regulating sports-related event contracts.

Source: CNBC

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