Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations

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Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations

60 字摘要

A Sixth Circuit Court of Appeals panel rules that Kalshi’s sports‑related prediction contracts are not swaps, removing them from federal oversight and placing them under state gambling laws; the decision means Kalshi must seek individual state licenses or cease offering those markets, prompting broader industry pressure to restructure products and assess regulatory compliance risks.

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