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Prediction markets head toward Supreme Court review in October 2026 term over federal versus state control
- Prediction markets head toward Supreme Court review in October 2026 term over federal versus state control — Conflicting appellate rulings on whether Kalshi and Polymarket are CFTC-regulated derivatives exchanges or state-regulated gambling operators have made the dispute a candidate for Supreme Court review in the October 2026 term, with about 20 billion dollars in monthly trading volume under undefined law. The split includes a Third Circuit ruling backing federal authority in New Jersey against state actions in Arizona, Nevada, Massachusetts and Connecticut. (iGaming News)
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