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Business

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.

Read the full article on CNBC ›

5News aggregated this summary from the outlet’s public feed. The full article, with all the context, is on www.cnbc.com — the content belongs to CNBC.

This story in other outlets

Court hands states a win in fight over who regulates prediction markets

CBS MoneyWatch · yesterday

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