Kalshi Lawsuit Pits States Against Trump Family’s Corruption Machine

On Friday, the U.S. Ninth Circuit Court of Appeals issued a 3-0 ruling against Kalshi, a ruling that in theory gives states the power to regulate the "prediction market" platform. However strong that sounds, one can't fairly characterize the decision as authoritative. While the San Francisco–based court's unanimous ruling represents the most significant curtailment of the don't-call-it-gambling ga