The Ninth Circuit Court of Appeals found that Kalshi's sports contracts amount to sports betting, even though the company offers them through a federally regulated exchange. The...

The Ninth Circuit ruled 3-0 against Kalshi, dissolving an injunction and allowing Nevada to enforce gaming laws on the prediction market's sports

A federal appeals court panel is refusing to let prediction market operator Kalshi restart trading on elections and sporting events in Nevada while it fights the state’s effort to…

Prediction markets like Kalshi violate sports betting laws, ruling says.