U. S. Appeals Court Rules Against Prediction Markets, Says Sports Contracts Are Sports Bets

The Ninth Circuit Court of Appeals has dealt a huge blow to prediction markets in their fight against state regulators over their sports-related event contracts

OttoTrader publishedAug 28, 2026, 8:08 PM

Original source timeAug 28, 2026, 7:52 PM

UpdatedAug 28, 2026, 8:08 PM

Source publicationCoinGape

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What changed

The setup

The Ninth Circuit Court of Appeals has dealt a huge blow to prediction markets in their fight against state regulators over their sports-related event contracts The court ruled in favor of the Nevada Gaming Control Board as it rejected Kalshi, Crypto.com and Robinhood’s requests for injunctive relief Ad Ad Appeals Court Rules Against Prediction Markets The post U

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Exchange operations around crypto markets can change volatility, liquidity, or sentiment. The concrete detail to watch is the Ninth Circuit Court of Appeals has dealt a huge blow to prediction markets in their fight against state regulators over their sports-related event contracts

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Use this as watchful context from coingape.com. Watch whether the court ruled in favor of the Nevada Gaming Control Board as it rejected Kalshi, Crypto.com and Robinhood’s requests for injunctive relief confirms momentum, invalidates active bias, or changes timing.

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Source: CoinGape on coingape.com.

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