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Featured image for article: State of Crypto: Kalshi and Prediction Markets Face a Setback

State of Crypto: Kalshi and Prediction Markets Face a Setback

November 29, 2025Coindeskgeneral
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Prediction market Kalshi lost a court case earlier this week when a federal judge ruled that Nevada state regulators and laws had jurisdiction over some of its sports-based events contracts. The case is going to go before an appeals court but if this result holds, it might restrict all prediction markets providers, including companies like Polymarket.

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