Another court rules Kalshi sports bets aren’t “swaps,” says states can crack down

Kalshi's defiance of state gambling laws may be headed to Supreme Court. https://arstechnica.com/tech-policy/2026/09/another-court-rules-kalshi-sports-bets-arent-swaps-says-states-can-crack-down/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social