Ninth Circuit Says Kalshi Sports Contracts Aren’t Swaps, Splitting With Third Circuit
The Ninth Circuit ruled Friday that Kalshi's sports event contracts are not swaps under the Commodity Exchange Act, clearing the way for Nevada to enforce its gaming laws against the prediction market. The decision turns...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
Why this matters
Kalshi is showing up inside the Prediction Markets theme, so this story is worth tracking for follow-through rather than treating it as a one-off headline.
Original source
Read on The DefiantRelated market context
Robinhood Crypto Revenue Falls 55% as Prediction Markets Support Growth
TL;DR: Robinhood reported third-quarter 2026 results on October 27, with total net revenue of about $1.42 billion, up 12% from the...
Coinbase Says Prediction Markets Are Now a $200 Million-a-Year Business Despite a Slow Crypto Quarter
Coinbase’s prediction markets business is now bringing in more than $200 million a year on an annualized basis, while the number o...
Senators Warren, Curtis Press Kalshi and Polymarket on Election Insider Trading
Sens. Elizabeth Warren and John Curtis have asked Kalshi and Polymarket to explain how they keep insiders out of election markets,...
Polymarket’s market share drops to 27% as Kalshi surges
Kalshi's rise highlights the impact of regulatory clarity and strategic partnerships in reshaping the prediction market landscape....
Prediction markets bring Robinhood $173 million as crypto revenue slumps
Robinhood's quarterly event revenue, Coinbase's annualized milestone and Gemini's smaller Q2 business show how uneven the diversif...
CFTC Chair Calls Utah's Kalshi Prosecution 'Blatant Overreach'
A federal lawsuit seeks to block Utah enforcement, but the state has already won an initial ruling against the prediction market e...