colleen sinzdak - Kalshi Appeals to U.S. Supreme Court Over Regulation of Predictive Markets
Kalshi has filed an appeal with the U.S. Supreme Court regarding regulatory jurisdiction over its predictive market contracts. The Ninth Circuit Court previously ruled that Kalshi must obtain a Nevada gambling license, but the company argues its contracts are federal swaps under CFTC oversight. The case could set a precedent affecting how MiCA and CFT frameworks interact with U.S. event-based trading platforms. Coinbase’s legal team has suggested the matter may escalate to the Supreme Court.
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