Ninth Circuit rejects Kalshi bid to block Nevada oversight of sports prediction contracts
The U.S. Court of Appeals for the Ninth Circuit rejected Kalshi's bid for an injunction to block Nevada gaming regulators from overseeing its sports event prediction contracts, ruling that the contracts are not swaps under the Commodity Exchange Act and that the CEA likely does not preempt Nevada's gaming regulations.
Detected & updated continuously · Source: Nebula
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@Sam_Badawi
A U.S. appeals court rejected Kalshi’s bid to block Nevada gaming regulators from overseeing its sports prediction contracts. https://t.co/HjkgUPI1eH
@Reuters
Kalshi cannot block Nevada oversight of sports prediction markets, US appeals court rules https://t.co/1g8gNTVHx6 https://t.co/1g8gNTVHx6
@blckchaindaily
🚨 US APPEALS COURT REJECTS KALSHI BID FOR INJUNCTION TO BLOCK NEVADA GAMING REGULATORS' OVERSIGHT OF SPORTS EVENT CONTRACTS
@DefiantNews
KALSHI FACES REGULATORY SETBACK IN NEVADA The Ninth Circuit ruled that @Kalshi's sports event contracts are not swaps under the Commodity Exchange Act, clearing the way for Nevada to enforce its gaming laws against the prediction market. Read more here: https://t.co/gTQpjcMCgW
@TheBlockCo
THE BLOCK: The U.S. Court of Appeals for the Ninth Circuit rejected Kalshi's argument that the federal government, under the Commodity Exchange Act, regulated sports event contracts. "The panel concluded that the CEA likely does not preempt Nevada’s gaming regulations as https://t.co/wTye0Gldng
@qz
Is a sports bet still a bet if you call it a 'swap'? Courts disagree.: A federal appeals court ruled that prediction market platforms like Kalshi and Robinhood are offering sports gambling — not financial derivatives —… https://t.co/EMNKBkMH4g #SportsBetting #PredictionMarkets https://t.co/5tw1PAlpza