Sports bets on prediction markets ruled to be "swaps," exempt from state laws - Ars Technica

Sports bets on prediction markets ruled to be "swaps," exempt from state laws  Ars TechnicaNevada judge extends ban on Kalshi operating prediction market in state  ReutersNew Jersey regulators cannot prevent Kalshi from offering sports event contracts, says court  Seeking AlphaKalshi loses appeal, Nevada judge keeps the company on the sidelines  The Nevada IndependentAppeals Court Laughably Rules Kalshi Betting on NCAA Championship & Other Sports Isn’t Gambling  Better Markets