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via CoinDesk · By CoinDesk Staff
Another appeals court rules against prediction market provider Kalshi, says sports contracts are subject to state regulations
CS
CoinDesk Staff(09:17 PM UTC)
1 min read
A panel of judges on the Sixth Circuit Court of Appeals ruled Friday that prediction market provider Kalshi's sports-related events contracts are not swaps, and therefore are subject to state gaming regulations rather than the federal Commodity Futures Trading Commission's rules.
It's the latest appeals court to weigh in on the…
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