U.S. appeals court rules against prediction markets, sets up likely fight at Supreme Court: MSMN News

The Ninth Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a Third Circuit ruling from April. MSMN News is covering the story for readers as of Friday, August 28, 2026, drawing on publicly reported developments associated with CNBC Top News.

Key points available at the time of writing include: The Ninth Circuit Court of Appeals ruled that sports-related event contracts are not swaps, contradicting a Third Circuit ruling from April. These details were synthesised by MSMN News from the CNBC Top News tip titled “U.S. appeals court rules Against prediction markets, sets up likely fight at Supreme Court”.

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Source / Reference

This MSMN News article is an original rewrite for our readers — not a copy of another publisher's story.

Source: CNBC Top News

Reference link: https://www.cnbc.com/2026/08/28/appeals-court-%%LINK0%%-against-prediction-markets-tees-up-scotus-fight.html