Kalshi court losses pile up as judges refuse to block state gambling laws
Summary
Ars Technica reports on Kalshi’s ongoing legal battles as courts reject attempts to block state gambling laws. The piece covers rulings across the Ninth, Second, and Sixth Circuits, ongoing Arkansas and Utah lawsuits, and the Trump administration's stance supporting Kalshi, highlighting the struggle over whether state laws can regulate prediction markets that Kalshi argues are swaps under CFTC oversight.