nfl

Federal Court: States Can Regulate Betting

The Ninth Circuit Court of Appeals ruled that federal commodities law doesn't preempt state gambling laws for sports betting.

The 3-0 decision marks the prediction-market industry's biggest legal setback, potentially paving the way for a U.S. Supreme Court review due to conflicting rulings across federal circuits.

Nearly 20 states are currently litigating whether prediction markets can offer sports contracts independent of gambling laws after the Third Circuit barred New Jersey from regulating Kalshi. amunra-opinie.pl