A US federal court has ruled that prediction markets such as Kalshi are gambling rather than federally regulated financial trading, sending shares in sports betting groups DraftKings and Flutter sharply higher.
DraftKings and Flutter Shares Jump After Court Rules Prediction Markets Are Gambling
A US federal court has ruled that prediction markets such as Kalshi are gambling rather than federally regulated financial trading, sending shares in sports betting groups DraftKings and Flutter sharply higher.
This item was produced with AI assistance under the editorial responsibility of Haydamax OÜ.
Monitoring item. The full text is not distributed. Extract and source below.