The 9th Circuit Court of Appeals ruled on August 28, 2026, that states have the authority to regulate prediction market platforms similarly to gambling and sportsbooks. The unanimous decision by a three-judge panel supports a lower court ruling that permits Nevada gaming regulators to oversee the prediction market Kalshi. Kalshi had contended that only the federal government should have jurisdiction over such platforms.
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9th Circuit Court of Appeals allows states to regulate prediction market platforms
The 9th Circuit Court of Appeals has determined that states can regulate prediction market platforms like gambling. This unanimous ruling supports Nevada's authority to oversee the prediction market Kalshi, which had argued for federal jurisdiction.
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Appeals court rules states can regulate prediction market platforms like gambling
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9th Circuit Court of Appeals allows states to regulate prediction market platforms