The U.S. court ruled that the Kalshi contract was not a swap and Robinhod and Cripto.com were at legal risk

The Ninth Circuit Court of the United States unanimously ruled that the contract of Kalshi "is not an extension because they are sports games" and that this decision also referred to the lottery activities of Robinwood and Cripto.com. In the past four months, two federal courts have handed down contrary decisions, presageting that the Supreme Court will hear billions of dollars in projected market industries。