Wire report
U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court
The 9th U.S. Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a 3rd Circuit ruling from April.
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The 9th U.S. Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a 3rd Circuit ruling from April.
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What happened
According to CNBC’s source item, U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court, The 9th U.S. Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a 3rd Circuit ruling from April.
Context
The development sits in VINI’s Technology file for readers following technology, science, product policy, markets, infrastructure, and the public consequences of innovation. The original report is linked so readers can check the source account, follow later updates, and compare new coverage against the first published record. The source item is dated 2026-08-28T21:34:33+00:00.
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Source
Primary source: U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court via CNBC. VINI cites and links the source; it does not reproduce the publisher’s full article text without rights clearance.
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Source links
- U.S. appeals court rules against prediction markets, sets up likely fight at Supreme CourtCNBC - 2026-08-28T21:34:33+00:00
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