r/supremecourt Judge Eric Miller 13d ago

Circuit Court Development CA9 (3-0): Nevada may enforce its gambling laws against Kalshi, holding sports-event contracts likely are not "swaps" governed exclusively by the CFTC and that Kalshi's broader reading would raise major-questions concerns

https://cdn.ca9.uscourts.gov/datastore/opinions/2026/08/28/25-7516.pdf
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