✉news WorldLaw & Courts first seen 2 h ago, last 2 h ago, peak #31
Court rules Kalshi sports bets not swaps, states may regulate
Original: Another court rules Kalshi sports bets aren’t “swaps,” says states can crack down
A US court has ruled that Kalshi's sports event contracts do not qualify as "swaps" under federal commodities law, rejecting the prediction-market platform's argument that it answers only to federal regulators. The decision means individual states can enforce their own gambling laws against Kalshi's sports wagering products, a significant setback in the company's expanding legal battles across the country.
Why now: Kalshi is locked in multiple legal fights with state regulators over whether its sports prediction markets count as gambling
KalshiUS courtsstate regulators
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