Ninth Circuit Upholds Ruling Against Kalshi in Nevada Sports Betting Dispute
The Ninth Circuit Court has upheld a lower court's ruling against Kalshi, rejecting its attempt to block Nevada's enforcement of state laws on sports event contracts. The court ruled that Kalshi failed to prove that federal law preempts state authority, challenging the CFTC's claim of exclusive jurisdiction over such contracts.
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Kalshi loses Nevada appeal over sports event contracts
A three-judge federal appeals panel has rejected Kalshi’s attempt to block Nevada gaming regulators from enforcing state laws against its sports event contracts. The U.S. Court of Appeals for the Ninth Circuit ruled on Aug. 28 that Kalshi had not…
Ninth Circuit deals blow to Kalshi in Nevada sports betting fight, challenging CFTC’s exclusive jurisdiction claim
An appeals court sided with a lower court's ruling that Kalshi failed to show that the federal government preempts Nevada’s authority.