Kalshi 遭上诉法院驳回请求,内华达禁令生效冲击预测市场业务

Gate News 消息,3月20日,美国第九巡回上诉法院驳回 Kalshi 提出的紧急动议,允许内华达州继续执行针对其体育赛事合约业务的临时限制令。这意味着案件将返回联邦法院审理,州监管机构可在此期间采取执法行动。

根据裁决,Kalshi 在未来至少14天内将无法在内华达州开展相关业务。博彩律师 Daniel Wallach 指出,由于该类临时限制令在州法律框架下通常不可上诉,公司需在初步禁令听证前暂停运营。此前,内华达州监管机构已于3月发布停止令,认定其体育赛事合约属于未经许可的博彩行为。

Kalshi 则主张,其产品应归美国商品期货交易委员会监管,属于联邦层面的衍生品合约,而非传统体育博彩,并警告称州级干预可能造成重大经营损失。该公司还在法律文件中指出,联邦与州法律之间可能出现冲突,进而引发管辖权争议。

与此同时,预测市场交易规模持续扩大。数据显示,包括 Kalshi 在内的相关平台每周交易额已超过20亿美元,引起多州监管关注。康涅狄格州、纽约州、新泽西州等地均已着手审查类似产品,涉及平台还包括Polymarket。

市场观察人士认为,此案或成为界定“预测市场与博彩边界”的关键案例,其结果将直接影响美国加密衍生品及事件合约市场的发展路径。

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