As reported by Front Office Sports and Bloomberg Law, Partner and Financial Markets and Regulation Co-Chair Carl Kennedy offered commentary on the Ninth Circuit's unanimous decision allowing Nevada to enforce its gambling laws against prediction-market platform Kalshi. The ruling casts doubt on the industry's ability to offer sports-event contracts nationwide and is viewed by many observers as accelerating a potential Supreme Court showdown. Carl, a former Commodity Futures Trading Commission (CFTC) lawyer, addressed the key question of whether the decision makes a Supreme Court fight inevitable, cautioning that while such a showdown has become "substantially more plausible," it is not yet guaranteed.