Kalshi Ninth Circuit ruling

Prediction Markets in Peril? Kalshi’s 9th Circuit Loss Sets Up Supreme Court Showdown

Post author By Max Newman
Post date 2026/08/29

Prediction Markets in Peril? Kalshi’s 9th Circuit Loss Sets Up Supreme Court Showdown

A unanimous 9th Circuit ruling allows Nevada to ban Kalshi’s sports contracts, creating a deep legal circuit split. Discover why a Supreme Court review over prediction markets is now imminent.

Tags CFTC prediction market regulation, Commodity Exchange Act swaps, Kalshi Nevada ban, Kalshi Ninth Circuit ruling, Nevada Gaming Control Board lawsuit, prediction markets Supreme Court, sports event contracts vs gambling, Third Circuit vs Ninth Circuit split