⚖️ Kalshi faces state gambling scrutiny

A US court has ruled that states can enforce anti-gambling laws against Kalshi, weakening the long-used defence that prediction markets are not casinos. The same day, senators proposed a Clarity Act amendment to curb betting via prediction markets. ⚖️📉 Why it matters: the decision opens a new regulatory front for event-based products in the US. For iGaming and betting tech firms, it signals closer state oversight and a sharper debate over where trading ends and gambling begins. 🇺🇸 🌐 Source: The Gambler