US Politics — Today

Three judges appointed by Donald Trump just dealt a massive blow to prediction markets. The Ninth Circuit Court of Appeals ruled 3-0 on Friday that sports-related event contracts on platforms like Kalshi, Crypto.com, and Robinhood are not federally regulated "swaps" — they're just gambling, and states can treat them that way. The ruling affirms Nevada's authority to shut down sports betting on these platforms, directly contradicting a Third Circuit...