[BUSINESS]■ STORY TIMELINE
APPEALS COURT LETS STATES REGULATE KALSHI SPORTS BETS
A US appeals court ruled Friday that Kalshi's sports prediction contracts are not financial "swaps" under exclusive federal CFTC oversight. The decision allows states to regulate the contracts under their gambling laws.
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Jonathan Stempel / Reuters: A US appeals court rules that Kalshi's sports contracts are not “swaps” subject only to CFTC…