September 12, 2026

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U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court

Business CNBC
Image: CNBC

The 9th U.S. Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a 3rd Circuit ruling from April.

CNBC reported this story. Read the full report on cnbc.com →

This is a short summary. CNBC wrote and published the full report.

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