The Aporia
The Aporia
10 articles about 6 events for “Kalshi Court Ruling States Regulate P…”.
“Wallach said he expects to see states bring more cases like Utah’s and that Utah’s criminal charges “could be a bellwether for how other states approach Kalshi and Polymarket” following Nevada’s appellate court victory.”
“Utah has filed criminal charges against prediction market company Kalshi and two of its co-founders, escalating a legal battle over whether states can regulate event contracts as gambling.”
“Wallach said he expects to see states bring more cases like Utah’s and that Utah’s criminal charges “could be a bellwether for how other states approach Kalshi and Polymarket” following Nevada’s appellate court victory.”
“…rsday, the NFL filed an amicus brief supporting New Jersey's cert petition against Kalshi, asking the Supreme Court to clarify whether the Commodity Futures Trading Commission (CFTC) has exclusive jurisdiction to regulate sports wagering on prediction…”
“The NFL is urging the Supreme Court to rule on the regulation of prediction markets, arguing in an amicus brief filed Thursday that states — which already regulate legal sports books — are better positioned to oversee sports-related contracts “given the…”
“The league's filing comes as New Jersey challenges a federal appeals court ruling that favored Kalshi's position that federal commodities law overrides state gambling regulations.”
“Another case that could to make it to the court this term tests whether states can regulate Kalshi, the $40 billion prediction market behemoth that has sports fans betting on everything from the next pitch to the point spread or at the other end of the…”
“A United States appeals court has found that states can regulate prediction markets, ruling against a bid by the company Kalshi to exempt so-called event contracts from state gambling laws.”
“Kalshi had started listing sports contracts that January, and by March a bunch of states were trying to get the platform to stop, as sports betting is usually regulated state by state.”
“The request follows lower court rulings on oversight of the prediction firms.”