美国第九巡回上诉法院作出一致裁决，认定预测市场平台Kalshi提供的体育赛事合约属于赌博行为，不受联邦《商品交易法》保护，而应适用各州的博彩法规。1由三名特朗普任命的法官组成的法庭维持地方法院命令，允许内华达州对该平台的体育相关事件合约进行执法。1
内华达州博彩控制委员会对裁决作出回应，表示法院"有力地拒绝"了联邦商品交易法排除州博彩法适用的论点。1内华达州州长乔·隆巴多（共和党）随后声明，"提供体育赛事合约的预测市场构成赌博，必须遵守内华达州的博彩法和监管框架"。1
The U.S. Court of Appeals for the Ninth Circuit has unanimously determined that sports event contracts offered by prediction market platform Kalshi constitute gambling and are not protected under federal commodity trading law 1. The three-judge panel, all appointed by former President Trump, rejected Kalshi's argument that its offerings should be exempted from state gambling regulations 1.
The court upheld a lower court order allowing Nevada to enforce its gambling laws against Kalshi's sports-related event contracts 1. Nevada Governor Joe Lombardo, a Republican, stated that "prediction markets offering sports event contracts constitute gambling and must comply with Nevada's gambling laws and regulatory framework" 1. The Nevada Gaming Control Board characterized the ruling as powerfully rejecting the notion that federal commodity trading law preempts state gambling statutes 1.
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