← A Panel of Three Trump Appointees Rules That Kalshi’s Sports Contracts Are Gambling, Not Swaps — Handing Nevada the Power to Regulate Prediction Markets, Splitting With the Third Circuit, and Sending the Whole Fight Toward the Supreme Court
“Prediction markets offering sports-event contracts constitute gambling and must comply with Nevada’s gaming laws and regulatory framework. I commend Chairman Dreitzer and the Nevada Gaming Control Board for their diligent work to uphold Nevada’s longstanding regulatory standards, safeguard the integrity of our gaming industry, and ensure the public can continue to have confidence in its oversight.
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