Sports bets on prediction markets ruled to be "swaps," exempt from state laws Court rules US preempts states from applying gambling laws to prediction markets. https://arstechnica.com/tech-policy/2026/04/sports-bets-on-prediction-markets-ruled-to-be-swaps-exempt-from-state-laws/?utm_brand=arstechnica&utm_social-type=owned&utm_source=mastodon&utm_medium=social