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Ninth Circuit rules Kalshi sports contracts are bets, deepening circuit split ahead of a likely Supreme Court showdown
- Ninth Circuit rules Kalshi sports contracts are bets, deepening circuit split ahead of a likely Supreme Court showdown — The Ninth U.S. Circuit Court of Appeals unanimously upheld a lower court ruling that Kalshi had not shown likely federal preemption of Nevada gambling laws for its sports event contracts. The decision conflicts with the Third Circuit, strengthening state enforcement footing across the Ninth Circuit and making Supreme Court review more likely. (Prediction Authority)
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