U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court
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Source: CNBC
Published: 2026-08-29 04:29 UTC+10:00
Section: General
Factuality Score: 100
Opinion Category: Neutral
Topics: Politics, Business, Crime & Justice, Justice, Law & Courts, Crime & Justice
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Snippet:
The Ninth Circuit Court of Appeals rejected prediction markets platforms' requests for injunctive relief against the Nevada Gaming Control Board, concluding that sports-related event contracts are not a derivative regulated by the federal government.
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