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← 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
BM
Blake Moore
R
Representative (UT)
Aug 28, 2026
“

If prediction markets are allowed everywhere, and then they basically just become quick access to sports gambling, like there’s your loophole, there’s the back door.

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🔗Cnbc
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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 →

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