FeesSafety
Pluang+

US appeals court rules states can regulate sports contracts on prediction markets, challenging federal oversight.

Market News
26 Sep 2026, 00:06 WIB
CNBC
View Source
Bearish
US appeals court rules states can regulate sports contracts on prediction markets, challenging federal oversight.

The 6th U.S. Circuit Court of Appeals ruled that Ohio and Tennessee can regulate sports-related event contracts on prediction market platforms like Kalshi, rejecting the claim that these contracts are federally regulated swaps. This decision marks a significant legal setback for prediction markets, which argue their contracts fall under Commodity Futures Trading Commission (CFTC) jurisdiction. States view these contracts as gambling and enforce their own laws accordingly. The ruling follows a similar decision by the 9th Circuit and contrasts with the 3rd Circuit's ruling favoring federal regulation. The issue is expected to reach the U.S. Supreme Court for a final decision.

The appeals court ruling on states' regulation of Kalshi's sports prediction markets is presented here with Pluang's Financials-sector market data as of Sep 26, 2026 03:21 WIB. Of 85 priced US Financials stocks tradable on Pluang, 56 rose and 28 fell today. Notable movers include Coinbase Global, Inc. (COIN) at USD 194.53 with a 1-day change of -2.35%, CleanSpark Inc (CLSK) at USD 13.93 down 2.31%, and Huntington Bancshares Incorporated (HBAN) at USD 15.66 up 2.29%.

More News

Cannabis Strategic Ventures completes control change with Scopien Technologies, rebrands and plans SEC listing.

Cannabis Strategic Ventures completes control change with Scopien Technologies, rebrands and plans SEC listing.

Cannabis Strategic Ventures has finalized its change of control with Scopien Technologies, an AI platform company, which now holds voting control through preferred stock. The company has appointed new leadership, including CEO Zameer Mulla, and plans...

Company Fundamentals
Bullish
1 hour ago
Star Bulk releases 2025 ESG report highlighting sustainability progress and future goals

Star Bulk releases 2025 ESG report highlighting sustainability progress and future goals

Star Bulk Carriers Corp. has published its 2025 Environmental, Social and Governance (ESG) Report, its eighth annual report detailing the company's sustainability strategy, performance, and future objectives. The report, guided by the ESG Committee, ...

Others
Bullish
1 hour ago
TELA Bio cuts operating loss 21% in Q3 2026, boosts international sales and extends cash runway to 2028

TELA Bio cuts operating loss 21% in Q3 2026, boosts international sales and extends cash runway to 2028

TELA Bio reported $19 million revenue in Q3 2026, down 8% year-over-year but with an 18% increase in international sales. The company reduced its operating loss by 21% sequentially and improved adjusted EBITDA loss by 55%, driven by a strategic cost ...

Company Fundamentals
Bullish
1 hour ago
Auburn National Bancorporation declares $0.27 quarterly dividend payable December 28, 2026.

Auburn National Bancorporation declares $0.27 quarterly dividend payable December 28, 2026.

Auburn National Bancorporation, Inc. announced a quarterly cash dividend of $0.27 per share, payable on December 28, 2026, to shareholders recorded by December 10, 2026. The company is the parent of AuburnBank, an Alabama state-chartered bank with ab...

Company Fundamentals
Neutral
3 hours ago
Québécois plan to dine out more in 2027, seeking value and local favorites, says OpenTable report.

Québécois plan to dine out more in 2027, seeking value and local favorites, says OpenTable report.

OpenTable's 2027 Quebec dining trends report shows a 9% increase in restaurant bookings, with 65% of Quebecers planning to dine out as much or more in 2027. Consumers prioritize value, local favorites, and meaningful experiences, often celebrating sm...

Market News
Bullish
3 hours ago
banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App