World · Regulation · United States ·
Court rules states retain authority over prediction market regulation
A U.S. appeals court ruled that states retain regulatory powers over prediction markets, dealing a legal blow to platform Kalshi. The decision creates conflicting rulings across federal courts and may require U.S. Supreme Court intervention to settle the matter.
Why it matters for the crypto market
Uncertainty over prediction market regulation at the federal versus state level creates friction for crypto-based prediction platforms and signals broader regulatory gaps.
Source: CoinDesk
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