By The Weekly Edge desk ·
A US appeals court ruled that sports prediction markets in Nevada remain subject to state gambling rules, ISA-Guide reported. The ruling addresses whether those markets fall outside the state’s gambling framework.
The ruling keeps Nevada sports prediction markets subject to state gambling rules.
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Polymarket’s request for help against New York and Kalshi’s potential tribal agreement concern prediction market operators.
The ruling and machine removals are followed by 81 job cuts at Republic Amusements, while legalisation legislation remains stalled.
The dispute concerns whether states can apply gambling rules to sports-event contracts offered by federally regulated exchanges.
The findings bear on state challenges to Kalshi and Polymarket's position that their contracts fall exclusively under CFTC jurisdiction.
Proposed Nevada technical revisions cover multiple gaming systems, putting associated equipment requirements under review.