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Benzinga
Benzinga
Business
Aniket Verma

Kalshi Faces Setback After Nevada Judge Reverses Earlier Court Victory On Sports Betting

District Court Rebuke

A federal judge reversed a crucial court win for prediction market platform Kalshi, ruling on Tuesday that contracts based on sporting event outcomes are not subject to the Commodity Futures Trading Commission (CFTC).

Judge Highlights Kalshi’s ‘Strained Reading’ Of CEA

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