Courts and Jurisdictional Disputes
A U.S. appeals court ruling against prediction market platform Kalshi has affirmed state regulatory powers over event contracts, creating conflicting precedent across federal courts. The decision suggests the matter may eventually require Supreme Court intervention to establish uniform national rules governing the treatment of prediction markets and whether they fall under federal or state jurisdiction.
Separately, a federal judge ruled that the Trump administration illegally retaliated against AI firm Anthropic over policy disagreements, vacating a supply chain designation and issuing a permanent injunction without granting a government stay. While not directly crypto-related, the ruling illustrates judicial scrutiny of executive branch regulatory actions during the current administration.
