Brian Quintenz, KalshiEx Board Member and former CFTC Commissioner, said that the recent decision handed down by the Ninth Circuit Court of Appeals provided the company and customers 'more confusion than clarity' when it ruled sports prediction markets can be prosecuted as unlicensed sportsbooks....
Source: [Bloomberg Markets](https://www.bloomberg.com/news/videos/2026-08-31/court-opinion-gave-more-confusion-than-clarity-quintenz-video)