CFTC Proposes Event-Contract Swap Rule as Kalshi Seeks Ninth Circuit Rehearing
The CFTC proposed on October 9 to define sports, politics, culture and weather event contracts as swaps. Kalshi is using…
Tag: Ninth Circuit
Four More Tribes Launch Kalshi-Powered Apps as Coinbase Halts Michigan Sports Contracts
Four tribes in California and Oklahoma launched Kalshi-powered prediction apps on October 7, the same day Michigan regulators said Coinbase…
Ninth Circuit Lets Nevada Enforce Gaming Laws Against Kalshi Sports Contracts, Creating Split With Third Circuit
A unanimous Ninth Circuit panel ruled August 28 that sports event contracts on platforms like Kalshi are gambling subject to…
Kalshi and Polymarket NFL Promos Meet U.S. Supreme Court Petition After Split Federal Appeals Rulings
Polymarket, Kalshi and their affiliates are blanketing NFL Week 1 with near-identical $50 and $25 sign-up codes for 49ers-Rams odds,…
Ninth Circuit Lets Nevada Enforce Sports-Betting Rules Against Kalshi, Deepening Split Before Supreme Court
A unanimous Ninth Circuit panel ruled August 28 that Nevada can enforce its gaming laws against Kalshi's sports-event contracts, directly…
New Jersey Asks Supreme Court to Decide Whether Kalshi Sports Contracts Are Swaps or Bets
New Jersey filed a Supreme Court cert petition on September 2 after the Third and Ninth Circuits issued directly conflicting…
New Jersey Asks Supreme Court to Decide Whether State Gambling Laws Reach Kalshi Sports Contracts
New Jersey Attorney General Jennifer Davenport filed a certiorari petition September 3 asking the Supreme Court to resolve a direct…
Kalshi State Fight Turns on Nevada, New Jersey Appeals Split and CFTC New York Order
A Ninth Circuit ruling on Aug. 28 directly conflicts with a Third Circuit decision from April, leaving Kalshi legally accessible…
New Jersey Asks Supreme Court to Decide Whether Federal Law Shields Kalshi Sports Contracts From State Gambling Rules
With New Jersey's cert petition filed September 2 and a Third Circuit-Ninth Circuit split now teed up for the justices,…
Kalshi CEO Pushes Back on Ninth Circuit Sports Ruling as New Jersey Takes Fight to Supreme Court
Kalshi CEO Tarek Mansour disputed the Ninth Circuit's August 28 ruling that its sports event contracts are gambling, telling RotoWire…