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"Appeals Court Upholds State Regulation of Kalshi's Sports Prediction Markets"
In a significant ruling, an appeals court has determined that states, including Ohio and Tennessee, have the authority to regulate Kalshi's sports prediction markets under existing gambling laws. This decision poses further challenges for the burgeoning prediction market sector as regulatory scrutiny intensifies.
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Appeals Court Says States Can Police Kalshi's Sports Contracts, Deepening Prediction Market Legal Fight
A federal appeals court has ruled that Ohio and Tennessee may enforce their gambling laws against Kalshi's sports-related event contracts, handing prediction market platforms another setback as the industry's clash with state regulators intensifies. The unanimous 6th Circuit decision adds to a widening split among federal courts and increases pressure on the U.S. Supreme Court to eventually settle the question.
Micron Heads Into Earnings With Memory Shortage Still in Its Favor as Wall Street Watches for Buybacks and Demand Durability
Micron enters its fiscal fourth-quarter earnings with strong momentum, as tight supply in DRAM and high-bandwidth memory continues to support pricing and profits. But investors are likely to focus less on the expected beat and more on how long the shortage can last, whether demand can hold as supply improves, and when capital returns may accelerate.