Ninth Circuit Ruling Poses Legal Threat to Multi-Billion Dollar Prediction Markets

A recent appellate court decision opens the door for state-level criminal prosecutions against prediction platforms, potentially disrupting monthly trading volumes worth billions of dollars.

3 Sept, 23:03 — 3 Sept, 23:03

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thestreet23h ago

Key court ruling threatens to unravel $45 billion-per-month prediction market

A 9th Circuit ruling paves the way for state criminal cases, threatening to derail billions in prediction market volume.

By Ivan Patriki

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Ninth Circuit Ruling Poses Legal Threat to Multi-Billion Dollar Prediction Markets

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Key court ruling threatens to unravel $45 billion-per-month prediction market

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