Mmastodon WorldUS Politics first seen 17 h ago, last 11 h ago, peak #5
Another court loss for Kalshi deepens prediction market split
Original: Another ruling against Kalshi widens a circuit split over whether states can regulate prediction markets. It’s likely to
Kalshi has lost another court ruling over whether US states can regulate prediction markets, adding to a growing split among federal circuit courts on the question. Legal observers expect the conflicting rulings to eventually reach the Supreme Court, which would settle whether state regulators can oversee the event-contract trading platform.
Why now: The latest ruling escalates a legal conflict likely headed to the Supreme Court, raising the stakes for the prediction markets industry.
KalshiSupreme Court of the United States
Evidence
- Another ruling against Kalshi widens a circuit split over whether states can regulate prediction markets. It’s likely to end at the Supreme Court. # crypto # cryptocurrency # USpol # USpolitics # CitationNeededNewsletter · molly0xfff@hachyderm.io · 39
API: https://socialmediatrends-api.osmike.com/v1/trends/804657