Appeals Court Affirms State Oversight of Kalshi Prediction Markets

A federal appeals court ruled that states maintain the authority to regulate sports-related event contracts offered by Kalshi. This decision marks the second time in less than a month that an appeals court has upheld the role of state regulators in overseeing these prediction markets. The ruling limits the platform's ability to operate these specific contracts without state-level compliance. Monitor for potential adjustments to Kalshi's product offerings or further legal challenges regarding federal versus state jurisdiction.