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Prediction markets head toward possible Supreme Court review in October 2026 term
- Prediction markets head toward possible Supreme Court review in October 2026 term — Conflicting federal and state court rulings over whether Kalshi and Polymarket operate as CFTC-regulated derivatives exchanges or state-licensed gambling operators have pushed the issue toward Supreme Court review in the October 2026 term. The dispute covers about 20 billion dollars in monthly trading volume, with states including Arizona, Nevada, Massachusetts, and New Jersey taking opposing positions to the CFTC. (iGaming News)
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