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A US appeals court rules

A US appeals court rules that Kalshi's sports contracts are not "swaps" subject only to CFTC regulation, allowing states to regulate them under gambling laws

A US appeals court rules that Kalshi's sports contracts are not “swaps” subject only to CFTC regulation, allowing states to regulate them under gambling laws — A US appeals court on Friday ruled against the prediction markets operator Kalshi, saying states can regulate …

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