Ninth Circuit deals blow to Kalshi in Nevada sports betting fight, challenging CFTC’s exclusive jurisdiction claim

The Block·

Ninth Circuit deals blow to Kalshi in Nevada sports betting fight, challenging CFTC’s exclusive jurisdiction claim

60-second summary

An appeals court sided with a lower court's ruling that Kalshi failed to show that the federal government preempts Nevada’s authority.

An appeals court sided with a lower court's ruling that Kalshi failed to show that the federal government preempts Nevada’s authority.