Ninth Circuit Rules Against Kalshi Preemption Claim in Nevada Sports Betting Case
Ninth Circuit upholds lower court finding that Kalshi did not establish federal preemption of Nevada sports betting authority, challenging CFTC jurisdiction arguments.
The Ninth Circuit sided with a lower court that Kalshi failed to show the federal government preempts Nevada authority over sports betting.
The ruling challenges claims of exclusive CFTC jurisdiction in the ongoing dispute with Nevada regulators.
Scope of the decision
The full opinion text and exact scope of the decision remain unavailable from the reported item.