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Courts split on whether sports prediction contracts are gambling as monthly volume reaches 53 billion dollars
- Courts split on whether sports prediction contracts are gambling as monthly volume reaches 53 billion dollars — Combined Kalshi and Polymarket volume rose to about 53 billion dollars in July 2026, with sports as the largest category, according to a Pew analysis cited in the report. Courts remain split, with the Third Circuit backing federal preemption in New Jersey and the Ninth Circuit taking a different view in Nevada and tribal cases. (CCN)
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