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U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court

CNBC · August 28, 2026 at 2:29 PM

U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court

The Ninth Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a Third Circuit ruling from April.

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U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court

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