GoKawiil9th Circuit sides with Nevada, says Kalshi sports contracts are gambling
A unanimous three-judge panel on the US Court of Appeals for the 9th Circuit ruled that Nevada can enforce its gambling laws against Kalshi's sports-related event contracts, rejecting the company's claim that federal commodities law shields it from state oversight. The decision upholds a lower court order allowing Nevada's Gaming Control Board to act against Kalshi, Crypto.com and Robinhood over sports-event contracts offered on their platforms.