UPDATE: The U.S. Court Of Appeals For The Ninth Circuit Said It Disagreed With A Prediction Market Company’s Overly Broad Reading Of Federal Commodity Law, Affirming A Lower Court Ruling To Dissolve An Injunction Against Cracking Down On Its Sports Offerings
https://cdn.ca9.uscourts.gov/datastore/opinions/2026/08/28/25-7516.pdf
A court said a prediction market company read the rules too loosely, so regulators can now crack down on sports betting there. This shows courts will make sure companies follow the rules carefully, which is something to notice when watching any company that works near the edge of what's allowed.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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