TechThe Information2h ago
Kalshi Court Setback raises Prospect of Supreme Court Fight
Kalshi Court Setback Raises Prospect of Supreme Court Fight
TL;DRCourt ruled states can regulate prediction markets, likely pushing Kalshi toward Supreme Court.
Why it matters: Supreme Court involvement could reshape how prediction markets operate nationwide, affecting both the industry and election betting regulations.
Prediction markets startup Kalshi was dealt a setback by a federal appeals court that Friday ruled states had the right to regulate prediction markets, increasing the likelihood the company will turn to the Supreme Court to intervene in a fight between state lawmakers and the…
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