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U.S. prediction market legality guide notes split circuits and state blocks on sports contracts
- U.S. prediction market legality guide notes split circuits and state blocks on sports contracts — An updated legality guide says the Ninth and Sixth Circuits treat sports contracts as bets under state law, while the Third Circuit sided with Kalshi that they are federally regulated contracts. It notes Polymarket US runs on QCEX, with a Nevada court block and several other states where it does not offer sports contracts. (WSN)
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