{"publisher":{"name":"MediaBias News","url":"https://mediabias.news","methodology":"https://mediabias.news/methodology","editorialPrinciples":"https://mediabias.news/editorial-principles","corrections":"https://mediabias.news/corrections"},"scoreGuide":{"trust":"How well corroborated and evidenced the source reporting is. 0-100, higher is better.","critic":"Craft quality of the source journalism: context, balance, fact vs comment. 0-100, higher is better.","hype":"How far the source presentation runs ahead of substance. 0-100, LOWER IS BETTER.","scope":"Scores assess the original reporting this article was written from, not the truth of the underlying event and not the quality of this write-up."},"assessmentGuide":{"type":"coverage-and-source-reporting-analysis","factCheck":{"status":"not-performed","note":"Media Bias News compares coverage and scores the source reporting. It does not currently publish a ClaimReview verdict on whether the underlying event or claim is true."},"sourceFactuality":{"note":"Factuality values describe published ratings of the outlets that covered the story. They are not a factuality verdict on this story or its claims."}},"story":{"id":"https://mediabias.news/politics/appeals-court-sides-with-nevada-in-prediction-market-regulation-fight","slug":"appeals-court-sides-with-nevada-in-prediction-market-regulation-fight","url":"https://mediabias.news/politics/appeals-court-sides-with-nevada-in-prediction-market-regulation-fight","title":"Appeals court sides with Nevada in prediction market regulation fight","subtitle":"Ruling states Kalshi's sports contracts are gambling, not federally regulated swaps.","excerpt":"A federal appeals court has ruled that Nevada can regulate Kalshi's prediction markets, stating the company's sports event contracts are akin to sports bets and not federally regulated financial swaps. The decision is a win for states seeking to oversee such platforms.","category":"Politics","area":"United States","publishedAt":"2026-08-28T22:05:13.873Z","sourceReportedAt":"2026-08-28T21:34:09.000Z","updatedAt":"2026-08-30T07:45:15.860Z","readTime":"3 min read","scores":{"trust":60,"critic":70,"hype":20,"notes":{"trust":"The central claim is attributed to a named body and two independent outlets covered the story.","critic":"The reporting includes quotes from affected parties and names specific entities and dates.","hype":"The language used is measured and proportionate, with no sensationalism or manufactured urgency."}},"tags":["#PredictionMarkets","#Nevada","#AppealsCourt","#GamblingLaw","#FinancialRegulation"],"entities":["Kalshi","Nevada","9th Circuit Court of Appeals","Commodity Exchange Act","CFTC","Ryan Nelson"],"body":[{"type":"key_takeaways","items":["A federal appeals court rejected Kalshi's attempt to prevent Nevada from regulating its prediction markets.","The 9th Circuit Court of Appeals ruled that Kalshi's prediction market contracts for sporting events are sports bets, not federally regulated swaps.","The court found that federal commodity trading law does not prevent Nevada from applying its gambling regulations to Kalshi's sports event contracts.","The ruling is part of a broader legal battle involving about 20 states over the regulation of prediction markets."]},{"type":"paragraph","text":"A federal appeals court has ruled that Nevada can regulate Kalshi's prediction markets, rejecting the company's efforts to block state oversight. The 9th Circuit Court of Appeals determined that Kalshi's contracts based on sporting events are sports bets and not federally regulated financial swaps. This decision represents a significant victory for states asserting their authority over prediction market platforms."},{"type":"heading","text":"Conflicting rulings on federal preemption"},{"type":"paragraph","text":"The 9th Circuit Court of Appeals stated that Kalshi failed to demonstrate that the Commodity Exchange Act preempts Nevada's gambling laws. In its written opinion, the court noted that the substance of the contracts offered on Kalshi's platform is sports gambling, irrespective of how the company labels them. This ruling contrasts with a previous decision by the 3rd U.S. Circuit Court of Appeals, which had concluded that the Commodity Futures Trading Commission (CFTC) has exclusive authority over sports-related event contracts on Kalshi. The 9th Circuit panel sent the question of Kalshi's trading on election contracts back to a lower court for further consideration."},{"type":"heading","text":"What the coverage left out"},{"type":"paragraph","text":"None of the left- or centre-rated reports mentioned the specific cost estimate for the prediction market contracts, if any were provided. The full reports from CBS News and Associated Press News did not include details on the financial value of the contracts or the potential economic impact of the ruling."}],"basedOn":[{"sourceName":"Dailyfly - Lewis Clark Valley News","url":"https://dailyfly.com/2026/08/31/ninth-circuit-win-for-nevada-over-kalshi-sets-up-potential-supreme-court-showdown","headline":"Ninth Circuit win for Nevada over Kalshi sets up potential Supreme Court showdown","angle":"","publishedAt":"2026-08-31T14:51:02.594Z"},{"sourceName":"TheNewsCrypto - Blockchain & Cryptocurreny News Media | Crypto Guide","url":"https://thenewscrypto.com/kalshi-faces-fresh-legal-setback-as-ninth-circuit-backs-nevada-sports-betting-rules","headline":"Kalshi Faces Fresh Legal Setback as Ninth Circuit Backs Nevada Sports-Betting Rules","angle":"","publishedAt":"2026-08-31T08:05:37.000Z"},{"sourceName":"Idaho Capital 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state’s regulatory effort.","The Associated Press full report added Nevada attorney‑general statements calling the ruling a major victory, a Kalshi comment that it will seek further review, and context that roughly twenty states are involved in similar prediction‑market litigation and that the Commodity Futures Trading Commission traditionally oversees commodity markets.","None of the digest‑only pieces mentioned the attorney‑general’s quote, Kalshi’s intention to seek review, the estimate of twenty states in related lawsuits, or the CFTC’s historical role; those specifics appear only in the Associated Press report."],"centre":["Centre-rated reports focused on the court's decision that Kalshi's prediction market contracts are sports bets, not federally regulated swaps. CBS News reported that the 9th Circuit Court of Appeals said Kalshi failed to show that the Commodity Exchange Act preempts Nevada gambling laws. The court stated that Kalshi's prediction market contracts are sports bets, not federally regulated swaps. CBS News quoted one of the judges, Ryan Nelson, who wrote, \"The substance of the sports event contracts offered on Kalshi's DCM is sports gambling, regardless of whether Kalshi calls them swaps.\" WBAL, Ottumwa Courier, Devdiscourse, and Winnipeg Free Press also reported that the federal appeals court panel refused to let Kalshi restart trading on sports and elections events in Nevada. The Nevada Independent noted that the 9th Circuit panel disagreed \"with Kalshi's overly broad reading\" that the Commodity Exchange Act allows it to offer sports event contracts."],"right":["Right-rated outlets reported that a federal appeals court ruled Nevada can regulate sports-related prediction contracts. 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