Sports bets on prediction markets ruled to be "swaps," exempt from state laws

Ars Technica — Apr 06, 21:56 PM

Court rules US preempts states from applying gambling laws to prediction markets.

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Kalshi wins prediction market ruling

New Jersey has no right to ban Kalshi's prediction market, US appeals court rules Engadget — Apr 06, 21:44 PM
New Jersey cannot regulate Kalshi’s prediction market, federal appeals court rules The Guardian — Apr 06, 18:11 PM