Kalshi ruling triggers Supreme Court showdown
· 15 min
Episode Kalshi ruling triggers Supreme Court showdown
The Ninth Circuit Court of Appeals recently ruled that Nevada regulators have the legal authority to oversee and potentially ban prediction market platforms like Kalshi. The court determined that contracts based on sporting events function more like illegal gambling than federally protected financial swaps. This decision creates a significant judicial conflict, as the Third Circuit previously issued a contradictory ruling regarding similar operations in New Jersey. Because of this circuit split, legal experts and market analysts believe the dispute over whether state or federal law governs these platforms will likely be settled by the Supreme Court. This legal battle carries high stakes for the future of online betting and the regulatory boundaries of the Commodity Futures Trading Commission.
Shows are listed from Apple Podcasts' charts and directory, and Podcast Index where it is used. Every show and episode belongs to its publisher and plays from the publisher's own feed; this site hosts none of them. Explicit shows are for adult profiles only, and children’s profiles hear only children’s shows. More about this list.