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

August 28, 2026

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

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

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