9th Circuit sides with states in Kalshi gambling fight, potentially reviving Arizona's prosecution Arizona Mirror States can regulate prediction markets as gambling, federal appeals court rules CNN Court rules Kalshi sports bets aren’t “swaps,” just gambling with a different name Ars Technica Kalshi cannot block Nevada oversight of prediction markets, US appeals court rules Reuters U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court CNBC
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