States can regulate prediction markets as gambling, federal appeals court rules
A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.
Friday, August 28, 2026
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A federal appeals court ruled Friday that states can regulate prediction markets like gambling, dealing a major blow to the booming industry.
A federal judge on Friday rejected President Trump’s latest bid to fight his criminal conviction outside of New York’s state courts, a strategy aimed at citing presidential immunity, under which Trump could potentially toss charges that stem from a 2016 hush money payment in the trash can. U.S. District Judge Alvin Hellerstein has denied Trump’s attempts to move to federal court three…