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Court rules Kalshi sports bets aren't "swaps," just gambling with a different

Ars Technica · Technology · 2026-08-28

Court rules Kalshi sports bets aren't "swaps," just gambling with a different

Kalshi can't evade Nevada gambling laws by calling bets "swaps," judges rule. Court rules Kalshi sports bets aren't "swaps," just gambling with a different name.

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