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U.S. Appeals Court Rules Against Prediction Markets, Says Sports Contracts Are Sports Bets

⚖️ Nice Try, That’s Just Sports Betting

Published by OOPSONLINE.IN · Source: CoinGape · 1 min read · · Updated

👀 OOPS SAYS

Nice try dressing your Sunday football parlay up in a three-piece suit and calling it an "event contract." The court still knows sports betting when they see it.

What actually happened

The Ninth Circuit Court of Appeals has dealt a huge blow to prediction markets in their fight against state regulators over their sports-related event

  • #sports
  • #appeals
  • #court
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