Saturday, 26 September, 2026
Betting on the Statehouse: Appeals Court Hands Prediction Markets to Regulators
By TechShots Studio
A U.S. appeals court ruled against prediction market Kalshi, deciding that state regulators retain the authority to oversee and restrict event-based wagering. The decision empowers local officials to crack down on election betting and other financial prediction contracts, dealing a major blow to prediction platforms seeking exclusive federal oversight.
Read full story at REUTERS