According to CoinDesk, a U.S. appeals court ruling has dealt Kalshi a legal blow, confirming that states hold power over prediction markets. The ruling creates a rift among federal courts on event contracts. That split suggests the U.S. Supreme Court may need to settle the matter. The report provided no further details.
CoinDesk reports a U.S. appeals court dealt Kalshi a legal blow, confirming state powers over prediction markets. The ruling splits federal courts on event contracts, suggesting the Supreme Court may need to settle.
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