Kalshi faced a legal setback after a U.S. appeals court ruled that states have authority over prediction markets.
The ruling creates a split among federal courts regarding event contracts and may prompt the U.S. Supreme Court to intervene.
Kalshi suffers legal setback as court confirms state authority over prediction markets
A U.S. appeals court ruled that states have authority over prediction markets, dealing a blow to Kalshi.
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Marcus Webb · Crypto Desk · 4 Sept 2026 · 23:07 · 1 min read
This article was produced with AI assistance and edited by a Finance Review Daily journalist.
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Marcus Webb
Crypto Desk
Marcus reports on digital assets, from spot ETF flows to protocol-level developments in DeFi. He pays particular attention to how institutional adoption is reshaping crypto market structure.
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