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Business & Finance

Ninth Circuit Opinion Provided 'More Confusion Than Clarity,' Said Kalshi Board Member

Bloomberg Markets Monday 31 August 2026, 19:26 UTC 1 min read
Key Points

Brian Quintenz, KalshiEx Board Member and former CFTC Commissioner, said that the recent decision handed down by the Ninth Circuit Court of Appeals provided the company and customers 'more confusion than clarity' when it ruled sports prediction markets can be prosecuted as unlicensed sportsbooks. Quintenz said that prediction market regulation will come down to the Supreme Court to define and that within the law events that have 'any financial, commercial or economic consequence' can have...

Brian Quintenz, KalshiEx Board Member and former CFTC Commissioner, said that the recent decision handed down by the Ninth Circuit Court of Appeals provided the company and customers 'more confusion than clarity' when it ruled sports prediction markets can be prosecuted as unlicensed sportsbooks. Quintenz said that prediction market regulation will come down to the Supreme Court to define and that within the law events that have 'any financial, commercial or economic consequence' can have legal derivatives listed upon it because it involved risk. (Source: Bloomberg)
Ninth Circuit Opinion Provided ' (ORG) Kalshi Board (ORG) Brian Quintenz (PERSON) KalshiEx Board (ORG) CFTC (ORG) the Ninth Circuit Court of Appeals (ORG) Quintenz (PERSON) the Supreme Court (ORG) Bloomberg (PERSON)
Originally published by Bloomberg Markets Read original →

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