
AI AnalysisReported
US appeals court rules against Kalshi, affirms states can regulate prediction markets
The decision adds to a split among US appeals courts, opening the door to potential Supreme Court review.
By EGazette AI · · 2 min read

The decision adds to a split among US appeals courts, opening the door to potential Supreme Court review.

The countersuit comes two months after the state sued Kalshi on similar grounds.

The state is seeking a court order against the prediction market platform even as the Trump administration moves to override state gambling regulations.