Appeals court rules states can regulate prediction market platforms like gambling
Headline from The Hill
The 9th Circuit Court of Appeals ruled Friday that states can regulate prediction market platforms like gambling and sportsbooks, dealing a heavy blow to the industry. In a unanimous ruling, a three-judge panel agreed with a lower court decision allowing Nevada gaming regulators to oversee the predi…
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By Marshall Cohen, CNN (CNN) — A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry. There are still lawsuits pending across the country, and legal experts believe the matter will ultimately be settled by the Sup…
The 9th Circuit Court of Appeals ruled Friday that states can regulate prediction market platforms like gambling and sportsbooks, dealing a heavy blow to the industry. In a unanimous ruling, a three-judge panel agreed with a lower court decision allowing Nevada gaming regulators to oversee the predi…
A federal appeals court ruled on Friday that states had the ability to regulate prediction markets, a win for the states in an ongoing battle with federal regulators over who had authority over popular wagering platforms.
